[Always Right]

I still think Bernanke will help steer the US economy from falling into a recession. I think he has been a little slow to cut and put himself in a situation where he had to make a large emergency cut. I am not sure why the author was so surprised about the 3/4 point cut. Ben managed to save the US markets from making one of the largest drops in history which would have resulted in billions of dollars lost by investors. Foreign markets had fallen heavily the past two days and had Ben not cut, our market would have fallen 1000 points or more that day.

Ben has been much maligned, but in several months when the markets are back at record levels and the economy is still growing, Ben will be the toast of the town.

[phillyfanatic]

Well Wall St. seems to be heading South today as the Dow crashes. What is amazing is that the media says, Down day for Wall St. That is silly. It is a down day for many of us who are retired and have IRAS, mutuals, bonds as our hard earned savings to be retired. They are disappearing today as I post. Whether Ben can help, I do not know but Wall St. doesn’t really care about us retirees who listened to the sirens of investments because we really do support the Free Enterprise system.