Nice timing on the Interest rate cut in US!

[Prospector]

This announcement has probably saved a great deal of carnage on our market today!
Aussie stocks off lows on Fed rate cut
10:20, Monday, 17 March 2008

(Updates to market opening)
SYDNEY, March 17 (Reuters) - Australian shares trimmed early
losses to fall 0.5 percent on Monday after the U.S. Federal
Reserve lowered the discount rate to 3.25 percent.

Currently, I am UP from last Friday - very unexpected!

And tomorrow is going to be cooler after 15 days of 38+ heat! Yay!

 

[Dezza]

Not sure how well it's helping the Europeans...they're down 111 at the moment.

Cut didn't help Japanese (-3.7%) or HK (-5.1%) traders either, let's hope the US takes in the good news to make it a better day tomorrow.

More info on discount rate cut: http://www.bloomberg.com/apps/news?pid=20601087&sid=a4y9PDJ8ZpSk&refer=home