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Tag Archives: Katrina

The Fed Plays with Fire

Comments from three regional Federal Reserve presidents touched off a selling squall on Wall Street today. (The Dow fell 94 points, and the blue chip S&P 500 sustained an even bigger percentage loss.) It’s a sign that the stock market is becoming more and more worried that the central bank may tighten credit too far.

Breathing a Lot Easier

I like the newfound energy I’m seeing in the stock market. It’s looking more and more probable that at least some of the leading market indexes will touch new highs for the year later this month.