Emergency Rate Cut - 0.75%

[vishalt]

Jan. 22 (Bloomberg) -- The Federal Reserve lowered interest rates in an emergency move for the first time since 2001 after tumbling global stock markets and a jump in the U.S. unemployment threatened to push the economy into recession.

The central bank lowered the benchmark overnight lending rate to 3.5 percent from 4.25 percent, the Federal Open Market Committee said in a statement in Washington. Policy makers weren't scheduled to gather on rates until Jan. 29-30.

Dow futures paring loss, SPI200 pointing up 3%.

I told you guys this could be something that would make or break today!

 

[overule]

Re: EMERGENCY RATE CUT

Yeah.. tomorrow going to be good

Have a feeling, we might just have the rally as in August.

 

[MR.]

Re: EMERGENCY RATE CUT

That explains why red just turned green. Thanks.

 

[sideshowbob]

Re: EMERGENCY RATE CUT

Thats not a great sign....

It just means that there really is a recession coming.

It might be the saving grace for those who wished to get out on Monday...
but we are moving down down down..

It was a boost in the Dow future forecast... but as Im watching the news live right now... its already dipping back to its initial cloudy forecast.

If this rate cut doesnt ease the markets tonight... we are headed for some mess,

 

[Smurf1976]

Re: EMERGENCY RATE CUT

Looks like the great inflation is getting underway...

 

[Santob]

Re: EMERGENCY RATE CUT

Looks like the great inflation is getting underway...

So I should invest in a wheelbarrow manufacturer?

 

[MS+Tradesim]

Re: EMERGENCY RATE CUT

Lol Smurf...."Debt worries? No worries! Get creditor countries off your back. Rid yourself of pesky national debt by inflating it out of existence. Make it worth nothing so they won't want to be repaid! Apply now at Helicopter Ben's Friendly Printing Press."

 

[korrupt_1]

Re: EMERGENCY RATE CUT

crazyness!!! DOW jumps 350pts then gives back 200pt in minutes on the rate cut news....

so what does all this really mean? do we have a rally tomorrow or not?

 

[Buffettology]

Re: EMERGENCY RATE CUT

Damn, a cut of 0.75%, pretty large!

 

[Buffettology]

Re: EMERGENCY RATE CUT

Lol Smurf...."Debt worries? No worries! Get creditor countries off your back. Rid yourself of pesky national debt by inflating it out of existence. Make it worth nothing so they won't want to be repaid! Apply now at Helicopter Ben's Friendly Printing Press."

ha ha, stagflation here we come!

 

[explod]

Re: EMERGENCY RATE CUT

ha ha, stagflation here we come!

Yeh, lets ask all de flations along, or is that flatulations, no worries mong us brudders.

But watch out, Big Chief Burnin Bush could be on the way soon, now that really lite up dis party.

 

[MR.]

Europe almost all back now to red. Maybe Its just that I'm tired.

http://finance.yahoo.com/intlindices?e=europe

 

[brendan87]

Bank of Canada also cuts rate at scheduled meeting by 0.25%.

"Financial market conditions have deteriorated since October, leading to a tightening of credit conditions in industrial countries. Given this, and a deeper, more prolonged decline in the U.S. residential housing sector, the 2008 outlook for the U.S. economy"

 

[ShareIt]

This could be a bad move.... it now confirms that the US economy is sinking!

 

[Buffettology]

Re: EMERGENCY RATE CUT

Thats not a great sign....

It just means that there really is a recession coming.

It might be the saving grace for those who wished to get out on Monday...
but we are moving down down down..

It was a boost in the Dow future forecast... but as Im watching the news live right now... its already dipping back to its initial cloudy forecast.

If this rate cut doesnt ease the markets tonight... we are headed for some mess,

Agree with this, I am hoping it will be my saving grace over the next wk or so, cut some losses and get back to mainly cash like I was just months ago!

Then wait for some GREAT prices to come up, instead of just the OK ones I picked up only a few weeks ago!

 

[explod]

This could be a bad move.... it now confirms that the US economy is sinking!

Yes they have just slashed the hull all the way and obviously forgot that they sold the life boats back in 2001.

 

[dhukka]

US market is not impressed, S&P500 down 4%.

 

[barnz2k]

open of -4% not happy at all!

 

[overule]

Guys, grab more put options or start shorting

 

[ShareIt]

Guys, grab more put options or start shorting

Agree!