More Bad News for Those Who Love Bad News
The bad news lovers out there have to hate the rash of good news being reported on the economy. The Federal Reserve choose to maintain interest rates at current levels. Lowering them would indicate concern that the economy was stalling, raising them would mean that the economy was too hot and becoming inflationary. The Feds response is that the economy was enjoying smooth sailing. Furthermore, the Dow closed at a record high and the other major markets closed on the upside.
Specifically, the Dow closed at a record 12,134.68, the NASDAQ closed at 2356.59, and the S&P closed at 1,382.22. For those who make a living saying the sky is falling this is terrible news. For the rest of us, it translates into greater opportunities. Hopefully the end of the election cycle will bring a little sanity to the way news is spun.
Specifically, the Dow closed at a record 12,134.68, the NASDAQ closed at 2356.59, and the S&P closed at 1,382.22. For those who make a living saying the sky is falling this is terrible news. For the rest of us, it translates into greater opportunities. Hopefully the end of the election cycle will bring a little sanity to the way news is spun.
posted by Kevin Price at 6:07 PM
2 Comments:
I think the economy stinks and that the media is being honest. I have two jobs to make a living.
I obviously disagree and the fact that you have two jobs shows the economy is stronger than you give it credit. But thanks for your opinion.
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