08-17-2007, 12:06 PM
Some would question the wisdom of the Fed propping up equity markets when they have consistently signalled that inflation is lurking on the sidelines. It seems like they caved in to pressure, but only time will tell if it was a wise decision. I still think that the recent sell-off has been a correction of market values in a fundamentally sound economy, volatility notwithstanding.
Cheers,
Jerry
Cheers,
Jerry