Overnight Rally-Did Someone Cut Rates?

Quite a rally, should have known after yesterdays slug fest.

 

Reserve Bank slashes interest rates to 5.25pc
NEWS.com.au, Australia - 8 hours ago
Today's move follows last month's shock one percentage point reduction, in response to a coordinated effort around the world to reduce interest rates in the ...
ECB, BoE poised to cut rates Thursday The Associated Press

Australia slashes interest rate to 5.25 percent
AFP - 4 hours ago
SYDNEY (AFP) — Australia's central bank slashed its official interest rate by a larger-than-expected 75 basis points Tuesday, cutting it to 5.25 percent ...
Interest rates likely to keep falling Melbourne Herald Sun
Australia cuts interest rate to 5.25% Times Online

 

I wonder what will happen if all central banks cut to ZERO? Hyper Inflation!

 

Obama rally

http://elitetrader.com/vb/showthread.php?s=&postid=2159908#post2159908


Markets predicted his win last week. Posted as such.

 

Not if nobody knows the real numbers of the monetary expansion. Then what? Hyper guessflation?

 

Got long x2 YM at the close. Only thing was I had a take profit 40 points in the green. So only make about $400 could've made thousands.
You live and you learn I guess.