Dow has largest one day gain in 5 years

Posted By on September 18, 2007

DJI 9/18/2007The Fed cut interests rates today by 1/2 basis point; many assumed they would only react by moving 1/4 including former Fed Chairman Alan Greenspan. One can only assume that the Fed sees inflation under control or are hoping to fend off a recession brought on by a slump in the housing market. The Dow moved up immediately after the afternoon announcement and skyrocketed 335.97 points.

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.