The Fed has just lowered the rates of what it can lower and immediately afterwards the stock market soared?
(It did this because of what is happening in the mortgage arena and the effects of inappropriate mortgages in creating a housing buble. Find out what you can about this unfolding crisis, using a goodly number of sources. In the end, come up with thoughtful comment on what this is all about ?)
Answer:
do your own homework, or at least phrase the question so that it seems like you are interested in the topic, rather than writing it verbatim wanting someone to do your homework for you.
Posted: August 11th, 2010 under US Stock Market.
Tags: stock market soared