Haha, you could hear the traders on the floor b@(%hing as they heard the announcement. I think the FED dropped the ball here, not with the rate cut but with their policy statement. No sense of urgency in needing to help the markets. This is the problem with the FED. They don't know how to do anything other than look in the rear view mirror. Instead tjhey should be looking forward out the window at the 18 wheeler coming right at them.
Undoubtedly, this Bull is unstoppable. Another cut from that whore Bernacke and the market tanks 200 points.
its soooo funny---just out of sheer curiousity---while cleaning the house I put on cnbc waiting for the announcement... santa claus rally santa claus rally LOL LOL who pays these clowns who come on in and interview
Elevator dropped of panicked longs. Time for elevator to come back up a few floors, and let out a few shorts. Loving the volatility today.
Great, so when I go to the grocery store for food this weekend, and I notice the absurd prices in steaks from this time last year, or milk, or anything made with wheat, etc., I can just tell the store manager: "What the hell do you think you're doing charging these prices? According to T-notes, you should be CHEAPER than last year!" Same with the gas station, right?