Wednesday, September 05, 2007

LIBOR Rate up

Another increase in the LIBOR rate. In other news the market closed lower today, the FED released its 6th report on the economy for this year. I would definitely like to do some sentiment analyses over the report (would like to test my newly acquired Python coding skills). WSJ has an article which states that the rates cuts might be on their way pretty soon. I think as FED point of view the market is still in pretty OK position unless the DJIA goes below say 12,458 i.e. it sheds its entire gain for the year and the economy would be in recession.

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