Q: The market is hitting new highs, but the Federal Reserve is cutting rates. Should I be nervous?

A: Economic growth has slowed during the year. The Fed is hoping that this rate cut will slow that trend or stabilize things. Consumer confidence and spending remain on the strong side, and increased government spending has provided some support as well. Slow growth is still growth and the next recession still seems some ways off. For more on the market’s performance in October, check out the latest monthly market recap .