Why the hell would they cut on Monday when they are meeting on Tuesday? Only if the Dow was down 1000, then they might cut Monday.
dow down 213, and its a almost a 400pts run from the high to low of session. imaginary recession sure hits like a real one.
Great call. As you can see, there is a lot of nibbling on the long side at these low, low levels. Fierce support at Dow 11800 I would say. Also, the fact that Bear stayed near 30 was pretty impressive. Monday of course could be a whole different story.