Rate cut today
What kind of effect will it have on the markets do you think?
What kind of effect will it have on the markets do you think?
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Jimbo said this could be the single best-performing day for the Dow in history. Look at all the financial stocks, I don't think any of them are up LESS than 3%. CFC WM BSC MER FIG BX are all up huge already!
I did?
yeah, but they're down about 20 on the whole.
I don't know about that. I wouldn't be surprised if we end up down for the day.
looks like a symbolic move - helped out europe at least
Bastards caved in. Big credibility loss.
Smart move to cut it on options expiry day. We would have seen quite a bit of a beating with all the puts being bought.
Nevertheless, the last hour will be really important if redemption rates really are as high as indicated and institutional investors sell some of their better-performing liquid capital assets that appreciated today because of this gain.
The dollar is being hit big time
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