Happy Halloween from Sea Colony and the Quiet Resorts of Southern Coastal Delaware!
While we were gussying up our kids in Elmo, Brittney Spears (interesting possibilities) and any number of variations on the Johnny-Depp-Pirates-of-the-Caribbean theme for some door-to-door handouts (hopefully of the chocolate kind), the Federal Reserve decided to hand out a better goody for the masses - a quarter-point cut in the federal funds interest rate to 4.5%.
The stock market likes cuts (it certainly did today).
So, by the way, does the resort real estate business.
Here’s hoping you have a great Halloween!
