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fed cuts rate 75 points

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17 REPLIES 17
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IF they do that they will show weakness thus prompting a further plunge they have to let it play out carefully
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oops there goes the dow -
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what do u think is gonna happen when results come out they should have announced after next week now any bad news lots next week gonna fall like bearclaws
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Went up like a rocket and coming down like a stone. I'm gonna use the opportunity to go short big time.
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jip i hear you LN and with 2 bank results out tonight i see this as a false move OMO
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asylum
Super Contributor
just shorted sbk lets see.
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saash
Super Contributor
Dow Futures now 4.5% red. What gives? Is this a scare tactic.
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saash
Super Contributor
Now 5.3 down on dow futures? Rates cut - something tells me the financial reports are out and fowl.
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charm
New Contributor
when do they open?
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Bloomberg has them at -2.49% and falling. Where do you see -5%?
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saash
Super Contributor
Was on Bloomberg. Came back a bit.
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Markets unimpressed. Prepare for bloodletting at 4.30.
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asylum
Super Contributor
yes more bad results from banks
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bahg.. .not good enough, no other good economic news out their
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Can you believe it... aren't aggressive rate cuts during 2001 the reason why banks are in the subprime mortgage hole they are in now?
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