Fed Cuts Rates by Quarter Point, Some ETFs up 12%, 70% on Year. Is it all in the Software?

After a quarter-point reduction in the federal funds discount rate, stocks closed lower. Before today, financial stocks rose on the expectation of decisive Fed action to resolve the credit-market crisis.…

Continue ReadingFed Cuts Rates by Quarter Point, Some ETFs up 12%, 70% on Year. Is it all in the Software?