As a Halloween treat, the Fed spooked traders later in the session by predictably lowering rates by a quarter point while signaling a pause in future cuts. The Dow then dipped as traders clamored and whispered amongst themselves in self-pity, wondering how they can continue the magnificent bull run without the training wheels, pacifiers and diapers of quantitive easing. But have no fear, their orange whiner in chief will soon enough be lobbying on their behalf for the Fed to cut interest rates to negative zero.
This has been HNOTC reporting from the casino slot machines of the Titanic.
Hourly News On The Can 