Quote:
Originally Posted by BBKing
The US Federal Reserve has cut interest rates a colossal 0.75%, biggest cut since 1982. Seriously big. One problem with this is the Monty Python Messiah Theory - if there's nothing to worry about ('I'm not the Messiah') why are you panic cutting interest rates ('Only the true Messiah denies his divinity')?
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Well, the Dow Jones futures were pointing to a 500 points loss, he had no choise...
So far the actual loss is 135 points, NASDAQ -3%, ftse positive, dax and cac negative.
Disappointing....