FED decision

-Dow industrials top 13,000 for first time since January
-Crude fell $1.43 to $114.20 a barrel after Fed decision
DECISION: FED cuts key federal funds rate (short term interest rates) by a quarter point (25 basis points) to 2%, lowest since 2004. This is the 7th rate cut in seven months, as a method to stabilize financial markets.

"The FOMC emphasized higher inflationary pressures and downplayed risks to growth, a signal that the committee may leave rates steady at the next meeting."

Can the Blue Chips and the rest of the market hang on to their immense gains? Time will tell.