Why was the lowering of the fund rates so powerful?

We're were headed for at least 3% + downfall today based on the futures market and then wham the fed came in to save the day

 

who cared. Btw the iPhone is to fucking cool.

 

It's an excuse to punish the "shorts".

 

And they were punished on the friday opening !

 

Powerful indeed when Poole states that the fed would do anything between meetings but only in case of a "calamity", just 24 hrs before it did.

Makes one wonder what they are looking at...

 

bfft isnt there already a thread about this?