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Federal Reserve makes emergency rate cut
MSNBC ^ | 01.22.08

Posted on 01/22/2008 5:29:53 AM PST by Perdogg

Federal Reserve makes emergency rate cut.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; fed
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To: seacapn

it will be replaced with the Amero...


121 posted on 01/22/2008 6:45:09 AM PST by television is just wrong (deport all illegal aliens NOW. Put all AMERICANS TO WORK FIRST. END Welfare)
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To: Perdogg

For the non-MBA types that’s what??? 0.75% ??


122 posted on 01/22/2008 6:45:17 AM PST by Centurion2000 (It's only arrogance if you can't back it up.)
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To: ctdonath2

“Buy! Buy! Buy!”

Naaaah. Not yet. Not enough suckers panicking. Get ready to refi your house, though.


123 posted on 01/22/2008 6:45:54 AM PST by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: All
ABC Radio News saying that trading halts will trigger with a 1,350 drop in the DOW.

Hope it doesn’t get to that point.

The Plunge Protection Team was probably printing money all weekend.

Let’s see if it does any good ...

124 posted on 01/22/2008 6:46:43 AM PST by Milwaukee_Guy (Don't hit them between the eyes. Hit them right -in- the eyes!)
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To: Milwaukee_Guy

You’re welcome. Yahoo is on a delay, which makes the information largely useless.


125 posted on 01/22/2008 6:47:55 AM PST by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: RDTF

he will not be getting the fed fund rate.


126 posted on 01/22/2008 6:49:22 AM PST by LurkingSince'98 (Catholics=John 6:53-58 Everyone else=John 6:60-66)
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Comment #127 Removed by Moderator

To: Perdogg

Yahoo’s Finance page seems to have a weird refresh problem. It keeps showing the Dow at around 4000 after initially showing it in the 11000’s.

Freaked me out at first. :) Anyone else run into this or is it just me?


128 posted on 01/22/2008 6:52:51 AM PST by Democracy In Iraq (When a soldier dies, a protester gloats, a family cries, an Iraqi votes)
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To: All

CNN breaking news:

Stocks plunged at the opening bell, with the Dow industrials losing more than 400 points in the first two minutes of trading


129 posted on 01/22/2008 6:54:01 AM PST by RDTF
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To: Democracy In Iraq
Yahoo is all messed up. What a day to have problems. Yahoo must have passed out the layoff notices!

Try this,

http://moneycentral.msn.com/investor/market/usindex.aspx

130 posted on 01/22/2008 6:54:54 AM PST by Milwaukee_Guy (Don't hit them between the eyes. Hit them right -in- the eyes!)
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To: Democracy In Iraq

Here’s a link that’s a lot closer to real time. Yahoo is aptly named.

http://moneycentral.msn.com/investor/market/usindex.aspx


131 posted on 01/22/2008 6:55:39 AM PST by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: cake_crumb
Yes, I was around for the Jimmuh peanut politics years and Billy Beer. My comment is based upon the token moves by W with the proposed BS tax rebates and the cut by the Feds.....however, that cut was needed for the overnight rate in the near term for the banks to not suffer any more huge losses.

It's still going to take time for the shakeout, a bear market 'easing' in, mortgage rates and credit card rates will hold steady, then the rates will go up hopefully soon to hold off the evil inflation thing to stop the slide on the US dollar.

132 posted on 01/22/2008 6:56:31 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: ctdonath2

Wait for it....

Wait for it....

Actually, that 3/4 point cut was perfectly timed. The world can’t sell off the dollar, because it’s too busy buying them in their own panics, which appear to be about twice the size of ours. So in the end we get our washout, and we end up on top. As usual.


133 posted on 01/22/2008 6:56:42 AM PST by Technocrat (Romney-Thompson 2008. Or vice versa.)
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To: mad_as_he$$
Nothing good at this point. It is too little to late.


134 posted on 01/22/2008 6:56:52 AM PST by NautiNurse (Plants are people too)
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Comment #135 Removed by Moderator

To: Sprite518

OK, here’s what a lot of people don’t know about the markets:

There are futures markets that continue trading what are called “index futures” overnight, as well as pre-market and post-market trading on electronic markets.

The 500 point adjustment was the result of the futures markets last night (like when you were going to bed in the US) and the pre-market trading brought the DJIA (and other stocks) into the opening levels you saw when 0930 EST came around and the “normal” market opened.

So to a retail investor looking at the NYSE at 0930 to 0935, it looks like “it moved huge in five minutes” but to the pro’s — the move is over, done, etc — it happened in the prior 12 hours. The antique NYSE is simply catching up to where the markets already are.


136 posted on 01/22/2008 6:59:09 AM PST by NVDave
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To: RDTF

Initial sucker dive. It’s at around 330-350 down, which is 2.7- 2.8% down. It’ll be interesting to see if it stabilizes there, or if the lemming start running for the cliff.

CNN loves it’s sensationalism.


137 posted on 01/22/2008 7:00:41 AM PST by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: Soren

The Japanese crash affected all the other markets, the US market in particular.


138 posted on 01/22/2008 7:02:12 AM PST by cake_crumb (Being a preacher DOES NOT exempt you from being a liar and a crook)
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To: cake_crumb
You must not have been around for the CARTER era. I was. That was a full blown depression,

C'mon that was no depression. Talking abut hyperbole. I lived through that time period also.

139 posted on 01/22/2008 7:02:26 AM PST by am452 (Globalist: Converting the American people to the Democrat party since 1992)
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To: F15Eagle

Nah. Their software or data provider is just broken.

The pro’s don’t look at such things, and most of the action you’re seeing isn’t being done by retail (ie, home) investors. It is being done by pro’s.

The pro’s use their own data sources or Bloomberg terminals.


140 posted on 01/22/2008 7:02:59 AM PST by NVDave
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