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Pastimes : Trade Blogg Ideas Inter Alia

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To: Rutgers who wrote (274)1/22/2008 10:44:20 PM
From: Rutgers  Read Replies (1) of 285
 
Dow opened just under 11,700 - would have been a buyer, but the 401k doesn't allow intraday. Helicopter Ben cut the discount rate by 75 basis points before the market opened and the market almost closed in the green. Was interesting to watch C go down to $22 and change early in the session only to close over $24. At one point, it was green on the day. I think C will be issuing employee options this week?

Bottom line for 401k: decided against moving any more funds from bonds to stocks today just in case we do get more of a crash sometime down the road.
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