Another possibility: Asia and Europe recover overnight and the drop in the US tomorrow isn't that bad.
rate cut is no use to rescue the conomy. people already get what they have,even used up their future money..... to me, just sit on the beach, watch the gulls flying, blue sky, all my positions are short, most of them are former high flyers like DRYS/EXM, FCX/ATI, put a limit order to do bottom finishing to cover in the weakness if some panic kicks in. recession is good, since people will get laid off, so they can go on vacation, with no 8 hr rat race work, .... people need recession, why work so hard,.... go short the market and enjoy the free fall
LOL. It's far from failed or irrational as you suggest. It's been right on point and very successful in its goals. Quite genius, in fact, considering your remarks. You think they are dumb, don't know what they are doing, when in fact, it's you who has been the sucker. The system was designed to do exactly what it is doing now. In fact, Woodrow Wilson, who was put into the presidential position to sell the Fed to the people, realized this afterwards with great regret. From an industrial superpower to a nation controlled by credit.
CNBC tomorrow: "The DOW is down 800 points but the good news is that we've bounced 15 points off the lows"
These threads about rate cuts are just hilarious, I mean one after another people are desperate for a rate cut, how far do you want the federal reserve to go to keep your investment from falling further. They are not here to save stocks and portfolios. Do you think that tomorrow morning at around 8pm the federal reserve is going to cut 50 BP so that the markets dont open down 4% . Do any of you who are crying for a rate cut understand that the market has to go through this cycle to get the weak hands out of the market. The faster this drop takes the quicker you can see stocks in the green again, asking for help from the federal reserve to cut rates because the dow is 15% off its high is just way toooo funny. Watch what happens after you get the rate cuts you beg for. You want the price of goods skyrocketing because of high inflation and lower dollar caused by the drop in interest rates. If you think inflation is bad now wait till you get the 2-3% fed funds rate most of you are hoping for.
But it will be a long night. Especially for traders that will be glued to their screens all night! Anything could happen. Even something bullish.
cant wait to see those talking heads mumbling tomorrow about how new money is sitting on the sidelines waiting to be put to work, also that Jack Bouroudjian guy who has been talking how great the market was going into 2008, that guy is funny when he talks up the market, making it sound like the economy is all goldilocks. hahaha