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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:34 PM Original message |
BREAKING: Fed issues 0.25 cut to fed funds rate(4.25) and fed discount rate(4.75)..DOW Drops on news |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:37 PM Response to Original message |
1. Wall Street Greedy Gusses shouting Gimme More, Gimme More |
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bryant69 (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:45 PM Response to Reply #1 |
7. So what do you think should have happened |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 03:39 PM Response to Reply #7 |
21. Personally, I think they should have just left it where it was. |
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enid602 (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:39 PM Response to Original message |
2. printing money |
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Hydra (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:42 PM Response to Original message |
3. Hear that flushing sound? |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:43 PM Response to Original message |
4. Dow is DOWN 208 points now and STILL DROPPING... |
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magellan (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:44 PM Response to Reply #4 |
6. Hubby and I are puzzled by this -- we expected WS to react positively |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:48 PM Response to Reply #6 |
9. Streeters were DEMANDING the Feds drop the rate by 50 basis points not 25 |
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magellan (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 03:03 PM Response to Reply #9 |
16. Thanks n/t |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:51 PM Response to Reply #6 |
12. Because of what was said, along with the announcement |
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magellan (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 03:03 PM Response to Reply #12 |
15. Thank you n/t |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:49 PM Response to Reply #4 |
11. Every major market index is down - DOW (Ind&Util), S&P500, NASDAQ, NYSE, and Russel2K |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 03:56 PM Response to Reply #4 |
22. This is more about maintaining liquidity to keeps banks/lenders from failing.... |
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Jim__ (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:44 PM Response to Original message |
5. Didn't the DOW go up yesterday because they were anticipating a .25 rate cut today? |
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pa28 (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 03:02 PM Response to Reply #5 |
14. Bernanke gave this away a couple of weeks ago. |
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Jim__ (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 03:05 PM Response to Reply #14 |
17. It makes sense that the markets were actually anticipating a bigger than .25 rate cut. |
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Horse with no Name (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:48 PM Response to Original message |
8. I wonder how much money it will take to sustain the BS that the WH |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:49 PM Response to Original message |
10. CNBC talking heads say the statement issued with the announced rate cuts spooked the market... |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 02:55 PM Response to Original message |
13. Jim Cramer just said buy stocks outside the US... we are headed for recession. |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 03:09 PM Response to Original message |
18. Dropping on the news Housing Stocks, Real Estate Investments, Retailers like Saks, etc. |
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sicksicksick_N_tired (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 03:19 PM Response to Original message |
19. How is that helpful? Looks like a disease,...called CONSUMPTION! |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Tue Dec-11-07 03:37 PM Response to Original message |
20. And I thought he was going to cut it .50 %. good thing otherwise the |
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