jesus the nikkei down 6.04 %

[Coronita]

[quote=fat_lazy_union_worker][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.[/quote]

I’m out at 23.50… Good luck folks.

[peterb]

Tomorrow is the weekly ‘jobless claims’ and inventory reports. Could be more bad news as well. This may the week we look under 9000 for the DOW.
Gold is looking to be the next bubble…..all aboard.

[peterb]

Tomorrow is the weekly ‘jobless claims’ and inventory reports. Could be more bad news as well. This may the week we look under 9000 for the DOW.
Gold is looking to be the next bubble…..all aboard.

[peterb]

Tomorrow is the weekly ‘jobless claims’ and inventory reports. Could be more bad news as well. This may the week we look under 9000 for the DOW.
Gold is looking to be the next bubble…..all aboard.

[peterb]

Tomorrow is the weekly ‘jobless claims’ and inventory reports. Could be more bad news as well. This may the week we look under 9000 for the DOW.
Gold is looking to be the next bubble…..all aboard.

[peterb]

Tomorrow is the weekly ‘jobless claims’ and inventory reports. Could be more bad news as well. This may the week we look under 9000 for the DOW.
Gold is looking to be the next bubble…..all aboard.

[Coronita]

[quote=stockstradr]Now increasing my 2X long postion to 50% of portfolio.

I see signs the fool’s rally is off and running now.

But if stocks instead drop another 5% today,then I’ll go long with MORE money.

New mood in markets. October is rally month.[/quote]

The fools rally came and went, with the entire 300 point swing today from bottom to top and back to the lowered bottom.

The interest rate game didn’t and won’t work no more. I almost forgot the short sell ban expires tonight…So me thinks tomorrow is going to be a blood bath for financials, hence no more BAC trading for me until there’s another carrot from the fed (other than interest rates cut) in the form a a bailout 3.0 beta.

[Coronita]

[quote=stockstradr]Now increasing my 2X long postion to 50% of portfolio.

I see signs the fool’s rally is off and running now.

But if stocks instead drop another 5% today,then I’ll go long with MORE money.

New mood in markets. October is rally month.[/quote]

The fools rally came and went, with the entire 300 point swing today from bottom to top and back to the lowered bottom.

The interest rate game didn’t and won’t work no more. I almost forgot the short sell ban expires tonight…So me thinks tomorrow is going to be a blood bath for financials, hence no more BAC trading for me until there’s another carrot from the fed (other than interest rates cut) in the form a a bailout 3.0 beta.

[Coronita]

[quote=stockstradr]Now increasing my 2X long postion to 50% of portfolio.

I see signs the fool’s rally is off and running now.

But if stocks instead drop another 5% today,then I’ll go long with MORE money.

New mood in markets. October is rally month.[/quote]

The fools rally came and went, with the entire 300 point swing today from bottom to top and back to the lowered bottom.

The interest rate game didn’t and won’t work no more. I almost forgot the short sell ban expires tonight…So me thinks tomorrow is going to be a blood bath for financials, hence no more BAC trading for me until there’s another carrot from the fed (other than interest rates cut) in the form a a bailout 3.0 beta.

[Coronita]

[quote=stockstradr]Now increasing my 2X long postion to 50% of portfolio.

I see signs the fool’s rally is off and running now.

But if stocks instead drop another 5% today,then I’ll go long with MORE money.

New mood in markets. October is rally month.[/quote]

The fools rally came and went, with the entire 300 point swing today from bottom to top and back to the lowered bottom.

The interest rate game didn’t and won’t work no more. I almost forgot the short sell ban expires tonight…So me thinks tomorrow is going to be a blood bath for financials, hence no more BAC trading for me until there’s another carrot from the fed (other than interest rates cut) in the form a a bailout 3.0 beta.

[Coronita]

[quote=stockstradr]Now increasing my 2X long postion to 50% of portfolio.

I see signs the fool’s rally is off and running now.

But if stocks instead drop another 5% today,then I’ll go long with MORE money.

New mood in markets. October is rally month.[/quote]

The fools rally came and went, with the entire 300 point swing today from bottom to top and back to the lowered bottom.

The interest rate game didn’t and won’t work no more. I almost forgot the short sell ban expires tonight…So me thinks tomorrow is going to be a blood bath for financials, hence no more BAC trading for me until there’s another carrot from the fed (other than interest rates cut) in the form a a bailout 3.0 beta.

[jficquette]

[quote=stockstradr]Brutal. I’m also watching the international markets on Bloomberg and CNBC business channels.

Shanghai at about 2100 now. When I see 1500, I’m going to get a taste for Chinese![/quote]

Do you post on “Elite Trader?? There is a guy there with a similar username as you.

John

[jficquette]

[quote=stockstradr]Brutal. I’m also watching the international markets on Bloomberg and CNBC business channels.

Shanghai at about 2100 now. When I see 1500, I’m going to get a taste for Chinese![/quote]

Do you post on “Elite Trader?? There is a guy there with a similar username as you.

John

[jficquette]

[quote=stockstradr]Brutal. I’m also watching the international markets on Bloomberg and CNBC business channels.

Shanghai at about 2100 now. When I see 1500, I’m going to get a taste for Chinese![/quote]

Do you post on “Elite Trader?? There is a guy there with a similar username as you.

John

[jficquette]

[quote=stockstradr]Brutal. I’m also watching the international markets on Bloomberg and CNBC business channels.

Shanghai at about 2100 now. When I see 1500, I’m going to get a taste for Chinese![/quote]

Do you post on “Elite Trader?? There is a guy there with a similar username as you.

John

[Author]

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