By the way, posted earlier this morning when es was limit down with 6000 on the offer a block of 1500 traded. Someone knew!
I think he knows the timing is very bad but has no choice. You guys are all screaming how bad this is, well if he didnt do it do you not think the market would crash BIG today? Did the action of all other markets overnight not say crash? Poole is an idiot!
haha now everyone was anticipating a full 1 point cut, HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA this is just incredible, watching cnbc and just laughing, thanks cnbc, hahaha the babies are disappointed that they didnt get a full point drop in fed funds.
taking the markets from down -6% to down -3-4% in the last 25 mins with this fed cut has helped how many people who were getting margin calls this morning?????
He should have let the selloff happen and then cut 50bp. This is very very very poorly thought out. Capitulation bottom indeed - the only capitulation move here is by the fed.