Navellier Growth: your source for market-beating growth stocks

Surprise, surprise: Just as we were expecting, the Fed held rates steady. Wall Street could barely contain itself when the news came out–the result was a whopping 330 point jump in the Dow, the biggest one-day gain since April 1st! The Fed's comments–coupled with another slide in crude oil prices–sparked the day's rally. Here's what happened: The Fed maintained its benchmark federal funds rate at 2%. As I said yesterday, futures markets indicated there was a less than 30% chance the Fed would tamper with rates. The central bank showed a united front on the issue, although some officials expressed concern that keeping rates unchanged would allow inflation to run unchecked. Policymakers have been hard-pressed to juggle slow economic growth and inflation. Read the complete story Archive

08.07.08: At my investment seminars that I hold around the country, I'm frequently asked about my favorite 'green energy' stocks. This is an important topic for all investors, so I want to address it in this week's issue of 'What's Working on Wall Street Now.' Read the complete story Archive