Discussion in 'Trading' started by Aaron Copland, Oct 8, 2008.
Panic time, push the panic button
global rate cut of 0.5%
-October 8, 2008 7:06 A.M.ET-
-BULLETIN GLOBAL COORDINATED RATE CUTS
FROM FED, OTHER CENTRAL BANKS -
Yeah, pretty much everyone in the world just cut 50 bps.
One more bullet to go Mr Bernake. Now what happens if the market reverses, and falls hard.
I would say thats a vote of ZERO CONFIDENCE
They can be really pathetic in their "control" of the situation.
This is going to to do nothing. I really don't know why they think this is going to fix the problem, it's not. The futures are already off there highs. If these markets sell off which I believe they will look out below.
This is like pumping grease into a bad bearing. It will stop the squealing for awhile, but does nothing to fix the bearing.
So long as the Fed, congress, PPT, have to keep proping up the market, the slide will continue.
Which problem are you referring to?
Liquidty or the stock market...if it is the market it is going to have very little impact.
As I write S&P has just dropped 25 points from its high....
Separate names with a comma.