TORONTO, ON (RUSHPRNEWS) September 26, 2007 -Last week wasÂ one of those weeks where, no matter what else was going on in the world, Wall Street was hypnotically focused on Federal Reserve Chairman Ben Bernanke. If someone had spotted Warren Buffet out-on-the town with Britney Spears, it would have flown under the radar. And maybe still is?
Investors opened the week tip toeing on egg-shell slippers ahead of Tuesdayâ€™s meeting of the Federal Reserve. Come Tuesday, investors sprinted. A euphoric Wall Street barreled higher after the Federal Reserve cut its interest rate by a larger-than-expected half percentage point.
Some penny stock investors and analysts were hoping for a rate cut of that size, most though were betting on a smaller cut. While some called the cut â€œoverkillâ€, Wall Street seemed quite pleased.
On Tuesday, the Dow Jones industrial average responded by surging 335 points; its biggest one-day point jump in nearly 5 years. Potentially short-sighted, investors rallied on the belief that a return to easy money would revitalize the economy and corporate profits.
With his half-point cut, Bernanke may have opened the floodgates of cash; yet others see the cut as a high-risk bid to shore up the economy. A move that could prolong the housing market pain it intended to avert.
This of course means that itâ€™s probably going to get worse before it gets better. After all, housing slumps do not end quickly; they grind down slowly. And, once they slow down, it takes time to gain momentum.
Now, if you want to add property to your portfolioâ€¦thereâ€™s no better time to buy than the present. Prices are down, bargains are up. Not unlike the stock market.
While penny stocks were not hammered like their larger peers during the marketâ€™s summer turmoil, Bernankeâ€™s optimism has trickled down, nonetheless.
Despite the weekâ€™s optimism, investors are a fickle bunch, and I doubt it will take very much for the recent uptrend to cool.
As one market analyst said Thursday, “Any explanation of how stocks are doing has to be predicated over the two-day celebration of FOMC [Federal Open Market Committee] cutting interest rates. As we roll into day three of this Mardi Gras, it appears some logic has settled in.”
Rollicking festivities aside, there are a lot of great penny stock companies out there trading under the investing radar. Stocks that are great bargains, stocks that should rise as the market recognizes their true value.
And for penny stock investors willing to roll up their sleeves and get dirty, the rewards outstrip the risk.
About Peter Leeds:
Peter Leeds, CEO of peterleeds.com is also aÂ successful book author. Leeds is widely known in the industry as the Penny Stocks Pro, a reputation built on giving clear and informed financial guidance based on years of investing in penny stocks, a passion that started at the young age of fourteen when he invested and lost the hard-earned sum of $3,800.Â Â From this modest beginning to today’s own financial success, Leeds learned by mistake and developed LEEDS ANALYSIS, a proprietary system of analysis which enables him to pick winners in the penny stock market and make suggestions in his newsletter. Leeds has helped thousands of others achieve their dreams of greater wealth by subscribing to the PeterLeeds.com newsletter.
To request an interview with Peter Leeds, contact his publicist Anne Howard at 310-295-9578 or write her at email@example.com.Â
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