Or postponing it to after election, That would be a considerable achievement if they can. If fed cuts .75 or higher tomorrow and oil comes down below or around 100. then we might expect a short term pop till earnings come out. If not, I can see ES around 1150 in June contract.
LOL the fed is gonna slash rates tom. and the market will surge. Today is your only hope shorts of a bear market. Won;t happen though. I don;t fail.
Here's an article about it: http://www.marketwatch.com/news/sto...x?guid={47CD3B6D-CEFD-4AEB-9107-E3BA3A85C884} For current numbers, go here: http://www.cbot.com/cbot/pub/page/0,3181,1563,00.html
FED is running out of room to work with rates. Soon they'll be coming up with liquidity solutions as obscure as the instruments that got us into this mess.
I agree, I can't get over the every week actions. This is a pure sign of panic. I think they have lost control are they would not be taking such extreme measures.
Im hoping they dont move rates in any direction, thats what they should do, the dow is gaining now, maybe they will realize that they dont have to move rates after seeing the market rebound on some of the worst financial news in history....