Do You Remember Where You Were When The Fed Raised The Discount Rate?

Posted by

I love it!

The newswire/ blogosphere is going chocolate-covered bananas tonight over the fact that the Fed has at long last raised the discount rate by…wait for it…waaaaaiiitttt ffffoooorrrr ittt – 25 basis points.  Seriously, from zero percent to just about zero percent.

After MONTHS of hints and winks and nudges that this would be necessary.

Futures and currencies and bonds and old guys at the horse track are all in a tizzy.

We’ll see how this plays out overseas and revisit in the AM.  Vix call buyers rejoice.  Matt Phillips has the details below.

Read Also:

http://blogs.wsj.com/marketbeat/2010/02/18/fed-raises-discount-rate-buckle-your-seatbelt/

Tags: ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. cheap wigs commented on Jan 16

    … [Trackback]

    […] There you will find 54716 more Info to that Topic: thereformedbroker.com/2010/02/18/do-you-remember-where-you-were-when-the-fed-raised-the-discount-rate/ […]

  2. Netgear WGM124 manuals commented on Jan 22

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2010/02/18/do-you-remember-where-you-were-when-the-fed-raised-the-discount-rate/ […]

HowIInvestMyMoney