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  1. #1 Fed cuts rates by half a percentage point 
    Senior Member old dog's Avatar
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    https://www.cnbc.com/2020/03/03/fed-...-slowdown.html

    The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

    The move was the first such cut since December 2008, during the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President Donald Trump, who has called for lower rates to stay competitive with policy at other global central banks.

    The United States Navy, fighting Moslem barbarians since 1801.

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    “There are decades where nothing happens; and there are weeks where decades happen.” Vladimir Ilyich Lenin
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    Democrat evolution: JFK PUT A MAN ON THE MOON AND OBAMA PUT A MAN IN THE LADIES BATHROOM
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  2. #2  
    Senior Member old dog's Avatar
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    After an initial spike to 27,000 at 10:05, the Dow immediately resumed its downward slide. Currently (11:24) 26,310, down 393 points.


    Where's this going????????????

    The United States Navy, fighting Moslem barbarians since 1801.

    *****************************************
    “There are decades where nothing happens; and there are weeks where decades happen.” Vladimir Ilyich Lenin
    ******************************************
    Democrat evolution: JFK PUT A MAN ON THE MOON AND OBAMA PUT A MAN IN THE LADIES BATHROOM
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  3. #3  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    I was going to do some buying
    yesterday, glad I held off. Down over
    500 now...
    May the FORCE be with you!
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  4. #4  
    Senior Ape Articulate_Ape's Avatar
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    I expect it to be something of a bear market for a while. That's why I increased my cash position. Luckly I caught it right before the drop. I am now waiting to do some bargain hunting.
    If you can read this thank a teacher. If you're reading this in English thank a soldier​.
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  5. #5  
    PORCUS STAPHUS ADMIN Rockntractor's Avatar
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    Quote Originally Posted by SarasotaRepub View Post
    I was going to do some buying
    yesterday, glad I held off. Down over
    500 now...
    It will be up around noon.
    “No weapon formed against you shall prosper.” Isaiah 54:17
    Matthew 10:29-31
    "Are not two sparrows sold for a cent? And yet not one of them will fall to the ground apart from your Father. "But the very hairs of your head are all numbered. "So do not fear; you are more valuable than many sparrows.
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