RE:RE:Fed Cuts Rates by 50bpsThis is what I saying this morning. In the end, the cut is a good thing for the economy. For anyone that's a trader, it was almost a slam dunk the market would end red. For the long haul, this is all good. The US can afford the .5% cut. But, it was baked in last week and now it's filtering out. The trend is all that matters and nothing has changed there.
Shamhorish wrote: IT LOOKS LIKE THE MARKET IS CONFUSED,,,,
MANY SEE 50 POINT REDUCTION IN INEREST RATE A BIT TOO MUCH
AND ALARMING, AND WOULD HAVE PREFERED 0.25 POINTS REDUCT