The question is: When do the sellers move in and kill the likely rally at the open?It appears that the only time the market ticks upward is when the FED makes a dramatic move. One has to wonder how many more arrows there are in the FED's quiver.
I don't see how this latest move is going to do any good. Financial institutions are AFRAID to lend. Cheap money isn't going to change that.
See my comment above. In this market, selloffs into rallies are never a surprise.Wow, futures did a BIG U turn. From about plus 125 to minus 180 (Net). So much for the rate cut helping stocks.
5% 12 mo CD from Wamu was there yesterday, gone now (down to 3%!)
Capital One 5.5% APY today - but long term (5 and 7 Year CD).
Total agreement on this point!Be careful on those..........once the liquidity crisis ebbs, rates will be going up..........
I do not know, I have been doing CD Ladders for almost 30 years and have never gotten burned by rates. Current Ladder goes to 2014 (at 5.7%) and will be filling the 2016 and/or 2019 rungs on rollovers coming in 2009 at those rates, if still available. Everyone says rates are going up, for about the last 2 years, but Mr. BB keeps lowering them.
Laddering is the reason you haven't been burned......... Just make sure to have enough in the markets to battle inflation risk, CD ladders do NOT beat inflation..........
... Never thought I'd own CDs, but with the current financial situation, I figure I better take advantage of some FDIC insurance.
Audrey