12 Dec 2003 Ho Ho Hum
Posted at 09:57h in The Friday BriefFor the first part of the week market prognosticators were absorbed with the question of whether or not the Fed would remove the words “for a considerable period” from their comments indicating how long they might sustain short-term interest rates at these historic levels. They did not. Market watchers for the last part of the week have been focused on whether or not the Dow Jones Industrial Index would reach 10,000. It did.