jesus the nikkei down 6.04 %

[Coronita]

[quote=tucker…]WASHINGTON – The Federal Reserve, acting in coordination with other global central banking authorities, cut a key U.S. interest rate by half a percentage point Wednesday to steady a teetering economy.

The Fed reduced its key rate from 2 percent to 1.5 percent.

In Europe, which also has been hard hit by the financial crisis, the Bank of England cut its rate by half a point to 4.5 percent, while the European Central Bank sliced its rate to 3.75 percent.

Other central banks also taking part include the banks of Canada, Sweden, and Switzerland.

China also cut its key interest rates Wednesday for a second time in less than one month to stimulate slowing economic growth amid the global credit crisis.

Fed Chairman Ben Bernanke and his colleagues ratcheted down their key rate by 0.5 percentage point to 1.5 percent. The action revives the central bank’s rate-cutting campaign which had been halted in June out of concerns that those low rates would worsen inflation. Since then, however, economic and financial conditions have dangerously deteriorated, forcing the Fed to reverse course.

The fact that the Fed felt it couldn’t wait until its regularly scheduled meeting on Oct. 28-29, underscored the urgency of the situation.
[/quote]

Told ya it was gonna happen. Unfortunately, I’m a little surprised that the Fed only did 50basis and not something more aggressive. Unfortunately, me thinks it’s not going to be enough.

I went in long (again) into BAC premarket at 19.50, wish me luck… Today is gonna be a doosy.

[nostradamus]

FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.

[nostradamus]

FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.

[nostradamus]

FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.

[nostradamus]

FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.

[nostradamus]

FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.

[Coronita]

[quote=nostradamus]FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.[/quote]

Bigger balls means more pain when you get kicked in the nuts:)

Yes, I think the Fed is out of options. They rate cute thing is over, it’s like a antibotic drug that the host organ’s bacteria has already developed an immunity to. Imho if the fed really wanted to prop up the markets, the should have just did the entire .75 or 1.00 percent cut, and be done with it. Another 50 basis point form this point on is not going to to squat.

The credit market is still frozen. It’s gonna take awhile to thaw..I feel bad for the companies that put arne’t holding onto cash

[Coronita]

[quote=nostradamus]FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.[/quote]

Bigger balls means more pain when you get kicked in the nuts:)

Yes, I think the Fed is out of options. They rate cute thing is over, it’s like a antibotic drug that the host organ’s bacteria has already developed an immunity to. Imho if the fed really wanted to prop up the markets, the should have just did the entire .75 or 1.00 percent cut, and be done with it. Another 50 basis point form this point on is not going to to squat.

The credit market is still frozen. It’s gonna take awhile to thaw..I feel bad for the companies that put arne’t holding onto cash

[Coronita]

[quote=nostradamus]FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.[/quote]

Bigger balls means more pain when you get kicked in the nuts:)

Yes, I think the Fed is out of options. They rate cute thing is over, it’s like a antibotic drug that the host organ’s bacteria has already developed an immunity to. Imho if the fed really wanted to prop up the markets, the should have just did the entire .75 or 1.00 percent cut, and be done with it. Another 50 basis point form this point on is not going to to squat.

The credit market is still frozen. It’s gonna take awhile to thaw..I feel bad for the companies that put arne’t holding onto cash

[Coronita]

[quote=nostradamus]FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.[/quote]

Bigger balls means more pain when you get kicked in the nuts:)

Yes, I think the Fed is out of options. They rate cute thing is over, it’s like a antibotic drug that the host organ’s bacteria has already developed an immunity to. Imho if the fed really wanted to prop up the markets, the should have just did the entire .75 or 1.00 percent cut, and be done with it. Another 50 basis point form this point on is not going to to squat.

The credit market is still frozen. It’s gonna take awhile to thaw..I feel bad for the companies that put arne’t holding onto cash

[Coronita]

[quote=nostradamus]FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).

The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.[/quote]

Bigger balls means more pain when you get kicked in the nuts:)

Yes, I think the Fed is out of options. They rate cute thing is over, it’s like a antibotic drug that the host organ’s bacteria has already developed an immunity to. Imho if the fed really wanted to prop up the markets, the should have just did the entire .75 or 1.00 percent cut, and be done with it. Another 50 basis point form this point on is not going to to squat.

The credit market is still frozen. It’s gonna take awhile to thaw..I feel bad for the companies that put arne’t holding onto cash

[stockstradr]

I smell a Fool’s Rally building. Of course, last week I smelled one also (betting on that cost me 10% of my portfolio)

Just now I went long again with QLD, starting off with betting 10% of my portfolio. Let’s see how that goes before betting more.

The Big Question now on my mind: will gold keep going up OR if we have a stock market Fool’s Rally, will gold resume its deflationary (short-term) decline?

[stockstradr]

I smell a Fool’s Rally building. Of course, last week I smelled one also (betting on that cost me 10% of my portfolio)

Just now I went long again with QLD, starting off with betting 10% of my portfolio. Let’s see how that goes before betting more.

The Big Question now on my mind: will gold keep going up OR if we have a stock market Fool’s Rally, will gold resume its deflationary (short-term) decline?

[stockstradr]

I smell a Fool’s Rally building. Of course, last week I smelled one also (betting on that cost me 10% of my portfolio)

Just now I went long again with QLD, starting off with betting 10% of my portfolio. Let’s see how that goes before betting more.

The Big Question now on my mind: will gold keep going up OR if we have a stock market Fool’s Rally, will gold resume its deflationary (short-term) decline?

[stockstradr]

I smell a Fool’s Rally building. Of course, last week I smelled one also (betting on that cost me 10% of my portfolio)

Just now I went long again with QLD, starting off with betting 10% of my portfolio. Let’s see how that goes before betting more.

The Big Question now on my mind: will gold keep going up OR if we have a stock market Fool’s Rally, will gold resume its deflationary (short-term) decline?

[Author]

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