Cash is King.
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Cash is King.

The global central banks as well as the U.S Federal Reserve, attempted to pour hard cash into the markets today to ease the current credit crisis. While this had a short term rally on US Indexes(nearly everything ended up across the board today), consumers and investors alike still remain wary of any uncertainly that might come up in regards to the current financial health surrounding WaMu. With the Federal Reserve’s decision to keep key interest rates at 2% yesterday watch keen investors to watch the markets like hawks going into this weekend.

With many professionals calling a bottom today, casual investors should now be investing for the long haul and not the quick rally. As always pigs get slaughtered and right now all the streets look red.

Jeremy
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