The markets remain in madness. Days ago, Apple announced its earnings -- amazing growth numbers of 44% year over year. Unfortunately their guidance of 29% future growth was just not good enough. The stock plummeted 20% over the next two days.
Meanwhile, the Fed came out with a historic 0.75% emergency rate cut. Mortgage rates went crazy for about 36 hours, and rates on conforming 30-year fixed dropped to an amazing 5.1% level. Mortgage rates have since corrected and stand at a still-low 5.5%.
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1 comment:
Gulp. I'm afraid to check my Ameritrade account!
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