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Old 09-15-2007, 01:25 PM
James282 James282 is offline
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Join Date: Sep 2003
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Default Re: Official - Will The Fed Cut Rates? on 9/18 Discussion

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Ok, I am a fish. I was talking to a guy at the poker table today that seemed semiwell vesred in this and he was talking about buying up a lot of pepsi stock, with the intention of holding it for a long time, assuming they cut the rates. I was wondering what is the point of this? Are most of the stocks expected to take a downward turn if the rates go down? Any other elaboration about this would be appreciated.

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If rates are cut, stocks will hold steady or go up, in all likelihood.

James
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