rate cut tomorrow likely, combined with temporary ( because of a California law recently passed) foreclosure bottom (in California only but California represents 45% of dollar value of all foreclosures) may rally the market for a few weeks pre election I HOPE
Fed reserve out of cash? that's hysterical they never had any *real* money and people are figuring that out
Genius, if the feds out of cash then YOU are out of cash. And most of you have no useful skills. Get ready for the bread line, IF you're lucky.
There's enough money on the walls in the FRB building to bail out this planet and a few more solar systems. While they do maintain a "balance sheet" don't worry about our Fed not being capitalized as much as they deem necessary. The US taxpayers are sick and tired of seeing federal funds bailing out investors and CEO's who ran once good companies into the ground with failed "creative" financial instruments, trades, etc. Politically they have to let a big one die; hence LEH is no more. It was the right thing to do. Had they bailed out LEH there would have been riots or war in DC by angry taxpayers. LEH got theirself into the mess and now they get to lay in it.