Tuesday, March 28, 2006

Fed does the expected

Fed raises again. The oldtimers might remember "three steps and a stumble." Way back when, three interest rate hikes usually signaled a downturn in the market. Goes to show a person how times change, with 15 consecutive rate hikes and the SP500 near an all-time high.

I spend most of my free time looking at brokers. Trading is on the back burner until I get a new account setup. My broker is being bought out and swallowed up and I don't really want to go to the acquiring firm. I want to avoid transferring shares, because they often sit in limbo for an undetermined period. This can be death for traders even if it goes relatively smoothly.

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