Monday, July 21, 2008

Floral paintings

Floral paintings
Garden painting
The selling follows a Monday rally that came on hopes that the Federal Reserve would cut interest rates this week -- before its regular meeting March 20.  But no inter-meeting cut came by Tuesday. And there's no guarantee that a surprise cut will occur at all, even after a key measure of consumer confidence slipped to its lowest level in four-and-a-half years.  "The confidence index was down, but it didn't plummet," Art Cashin, directors of trading at PaineWebber, told CNNfn's The Money Gang.  The Nasdaq fell 100.68 points, or 4.3 percent, to 2,207.79. The losses handed the Nasdaq its lowest close since Dec. 31, 1998, when the index closed at 2,192.69.  For the Nasdaq, the slide has been dramatic. After rising 86 percent in 1999, the index fell 39.2 percent in 2000 and is now down another 10.6 percent this year.

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