Australia Cuts Rate by Most Since 1992; Asian Stocks Rebound

Discussion in 'Wall St. News' started by dtrader98, Oct 7, 2008.

  1. dont


    Its a good thing there are no shorts anymore.

    I was thinking they should just ban selling all together.
  2. MattF


    panic to just go ahead, or test dummy to see reaction...
  3. I think at the worst point I saw the AUD down 10%. Insane. Probably a good idea to cut rates to make it less appealing to carry trade housewifes who blow up with 50x leverage and then drive down AUD in margin calls.