A wild news day
The Federal Reserve makes a historic emergency interest rate cut of 3/4 point.
The Dow opens down 460 points, and is recovered to -100 (or better) by 2pm.
Fred Thompson drops out of the presidential race.
Wow.
The Dow opens down 460 points, and is recovered to -100 (or better) by 2pm.
Fred Thompson drops out of the presidential race.
Wow.
posted by MichaelPolutta at 2:27 PM
5 Comments:
Goodbye, Fred. The Dow is ahead.
What'll we ever do with the Fed?
The Fed is running out of basis points to cut! We've been on a pretty good economic run since basically 1982 (with short, shallow dips in 1991 and 2001), but I don't think we'll ever be so smart that we can repeal the basic cyclical nature of economics.
And add in "Heath Ledger found dead in apartment"...
wild news day..
I really don't think Heath or Fred had anything to do w/ the dow opening down 439 this morning... but I think the fed might have had something to do with the intraday rally that we saw.
Sal hit the nail on the head, they're running out of ammo...
Besides, as Dave says: the answer to problems doesn't reside in Washington.
oops i did it again... i wrote a post about SWS... would LOVE to hear your chimed in thoughts (especially about making SuperWeek happen more than one week in the summer.)
SECURITY WORD VERIFICATION:
ipcrivy: n. a disease caused by the lack of IP addresses while sailing across the high seas!
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