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Dow plunges more than 700 points despite the Fed cutting rates
CNBC ^
| Fred Imbeert Jesse Pound Eustance Huang
Posted on 03/03/2020 2:02:27 PM PST by Mariner
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To: Mariner
Dow falls BECAUSE OF Fed cutting interest rates.- For like the first time ever.
It happened in 2008. The FED cut rates and the market tanked. It was out of Schlitz.
61
posted on
03/03/2020 3:25:03 PM PST
by
NELSON111
(Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
To: Mariner
62
posted on
03/03/2020 3:30:55 PM PST
by
minnesota_bound
(homeless guy. He just has more money....He the master will plant more cotton for the democrat party)
To: oldasrocks
The market was up substantially this morning making back some of the panic selling last week. The Fed seemed to F this up today.
63
posted on
03/03/2020 3:42:33 PM PST
by
Edison
(I don't know what irks me more, the lying or the incompetence.)
To: oldasrocks
The market was up substantially this morning making back some of the panic selling last week. The Fed seemed to F this up today.
64
posted on
03/03/2020 3:43:55 PM PST
by
Edison
(I don't know what irks me more, the lying or the incompetence.)
To: Mariner
That Market today behaved just like a pogo stick.
Jumping up and down like someone with their hair on fire.
It was hard to watch.
Either the algos, which should be eliminated, or hanky pankey, which should also be eliminated.
To: Mariner
Im thinking investors saw the rate decrease as a panic move by the Fed. My very humble opinion.
66
posted on
03/03/2020 3:58:09 PM PST
by
Road Warrior ‘04
(Boycott The NFL! Molon Labe! Oathkeeper)
To: Mariner
Look out below tomorrow, the smart money has lured all of the lemmings back into the market like they did in 2008 before the bottom really falls out.
Oh, but the Fed will save us!
Just like they did in 2008...
So is it a black swan or not? Is this genie going back in the bottle? Can America weld people into their apartments to stop it like the Chinese did?
67
posted on
03/03/2020 5:08:01 PM PST
by
Bon mots
To: Mariner
I should add,
Over 70% of people reportedly display normalcy bias in disasters (Black Swan events). Normalcy bias has been described as "one of the most dangerous biases we have".
68
posted on
03/03/2020 5:10:45 PM PST
by
Bon mots
To: gibsonguy
Exactly. Glad someone here understands the market. That move signalled that the “crisis” is worse than it was thought.
69
posted on
03/03/2020 5:12:24 PM PST
by
Hardastarboard
(Three most annoying words on the internet - "Watch the video")
To: oldasrocks
It was real stupid move by the Fed. Yep..losing ammo on purpose..isn't smart.
70
posted on
03/03/2020 5:13:38 PM PST
by
Osage Orange
(Whiskey Tango Foxtrot)
To: Repeal The 17th
Dry work...better than wet work.
71
posted on
03/03/2020 5:16:10 PM PST
by
Osage Orange
(Whiskey Tango Foxtrot)
To: Mariner
I was quoted 2.75% for a 30 yr VA loan today. Congrats !!!
72
posted on
03/03/2020 5:59:29 PM PST
by
11th_VA
(May you live in interesting times - Ancient Chinese Proverb)
The panic timing of the cut signals things are way worse under the surface than what most know.
To: Mariner
Yes it’s under $200k and I’m already paying an extra $1k a month
To: Mariner
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