Wednesday, January 30, 2008

FED cuts rates again BNI has good numbers

I would be willing to bet that if they didn't cut rates or cut them by only a quarter point we would see a 300 point or more drop today.
The bold, half-point reduction approved by Fed Chairman Ben Bernanke
and all but one of his colleagues came as President Bush and Congress raced to
enact a separate rescue package -- including tax rebates for individuals and tax
breaks for companies -- to help energize an economy in danger of
stalling.

Also the recession tell that is Burlington Northern earnings seems to be okay for the moment. They beat earnings estimates by 7 cents a share and beat on the revenue side as well. They also came out with pretty decent estimates with a low single digit growth for the 1st quarter and low double digit EPS growth for the year. There might be some slowing because they did have fewer carloads for the quarter but not as much as you might think if there was a recession on. Could this mean a soft landing for the economy?

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