The Fed today cut rates by .75% of 75 basis points in a bid to shore up the economy. No doubt, Bernanke is hoping the cut will drop rates on mortgages, eliminating some of the reset pain, as well...
Long time bull Dan Sullivan has liquidated all of this stock and has gone 100% cash. He believes we are in for a bear market and that being in cash or cash equivalents (savings accounts, cd, etc.)...
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