What Will Rates Do Tomorrow? Yahoo Finance Asks The Wisdom of the Crowd
Posted on September 17th, 2007 in Stock Market | Comments Off
For the past few days Yahoo Finance polled their readers this question.
When the Federal Reserve meets on Tuesday the 18th, what will it do?
Lower interest rates 60%
Hold rates steady 37%
Raise rates 4%
The majority voted that the Fed will lower interest rates. Let’s see tomorrow if the wisdom of the crowd theory holds true. If you have never read the book I highly recommend it as it is very informative and fascinating how the theory holds true in the majority of times.
