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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Gary D who wrote (21864)12/14/2004 9:38:09 PM
From: Investor2   of 42834
 
Hi Gary D,

Re: "Back to the investing topic, how about that call to add to holdings when S&P 500 dipped below 1100? Not looking too shabby about now."

Yes it was another nice call. But with interest rate increases like described in the story below, I have to wonder how long Bob will remain positive.

Associated Press
Fed Raises Interest Rates to 2.25 Percent
Tuesday December 14, 8:14 pm ET
By Martin Crutsinger, AP Economics Writer
Federal Reserve Raises Interest Rates Quarter-Point to 2.25 Percent; Fifth Increase Since June

WASHINGTON (AP) -- The Federal Reserve on Tuesday raised interest rates for the fifth time since June and signaled it was likely to keep pushing them higher at a "measured" pace in the new year.
The latest quarter-point increase raised the federal funds rate, the interest that banks charge each other, to 2.25 percent, more than double the 46-year low of 1 percent in effect when the Fed kicked off its credit-tightening campaign six months ago.

Best wishes,

I2
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