Wednesday, October 31, 2007

Fed Cuts Again

The street got the quarter-point cut it was looking for. This should keep things on the path for now. Bernanke has backed up his promise to do whats necessary, which to me means cut rates anytime to prevents stocks from falling. Lots of trading volume following the announcement, but no major move one way or another, as this move surprised no one.

To me this just reaffirms what we've been talking about. Things look solid as we look ahead. Commodity stocks, tech stocks, and anything with good international exposure should continue to outperform financials and heavily US based stocks. This has been the formula and will continue to be, as I see it.

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