The Discount rate to banks was cut 1/2 percent to 5.75 percent to try and shore up lenders and calm the markets. Stocks are looking very bullish this morning. (I bought more ETFC yesterday so I'm happy the Fed finally came to it's senses and started taking real action. Perhaps we'll see a real rate cut soon).
It's been interesting seeing IRBT swim upstream amidst this credit crisis (almost certainly due to the potential for big military contracts as sellers of consumer products were getting hammered). Hopefully it can fly even higher if the credit crises eases.
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