NYSE Euronext was up almost 5% today on two big announcement.
1. They are the most traded exchange in the world with the next closest exchange only trading about half of what they do.
2. Edward Boyle has been appointed vice president, NYSE Arca Options, beginning Oct. 1. Boyle, 45, joins from TD Securities, where he was vice president and director, equity derivatives.
TraderMark of FundmyMutualFund.com has made an interesting observation that has occurred since the Fed decided to cut rates. The real winners in this rate cut are the Upper Middle Class.
These potentially distressed consumers are back on track and now they don't have to worry about interest rates lowering the value of their home and they can start spending money again.