I dont think the market will recover, This is the WORST THING THEY COULD DO....... they lowered the discount rate by .75 as well.... this is going to be an Insane market today, volatility is going to be soooooo crazy.
I hate speculating, but my guess is that the market will still gradually sell-off today. Whatever happens, I don't really care though.
Total BS by the Fed. Panic by the Fed. They are gonna be out of bullets by March. This is totally sick. We're still going to crash, except we'll have massive inflation with it!.
exactly, this is the worst move they could do, all they had to do was WAITTTTTTTT, but they have no patience, they will have nothing left in a few more months if they keep lowering rates every time the dow drops 500 points. Incredible bounce but I DOUBT it lasts, I highly doubt the dow makes it into the green.