Federal Reserve slashes interest rates to zero as part of wide-ranging emergency intervention

[schizo]

Wow wow wow... ES almost limit down ...

Is anyone keeping track of Limit Downs? I've been in the market for awhile now but I've never seen so many back-to-back daily limit downs.

 

[athlonmank8]

Life insurers going to go under

 

[Amun Ra]

Emergency rate cut history. Now we have two in a row and one being on the weekend has to be a first - just hit limit down. Monday open will be fun.

View attachment 222210

Those were mostly .5 cuts with the one on 1/22/08 being a .75 cut. This is a full point just days after a half point cut. I think we will see some wild shock and awe tomorrow. Ups and downs that will make our heads spin.

 

[Overnight]

Is anyone keeping track of Limit Downs? I've been in the market for awhile now but I've never seen so many back-to-back daily limit downs.

Since this crisis started a couple months ago, I believe we've had 3 limit down on futures, one limit up on futures, and 2 limit down in RTH on SP...? I am sure tomorrow morning we will have our 3rd limit down in RTH on SP.

 

[rockn]

Listening to a Powell recording on Bloomberg youtube, today's change was the Fed meeting for this week. I guess that's a given anyways

 

[Amun Ra]

Australia isn't happy right now. ASX 100 initially down 4%

 

[notagain]

 

[gmal]

https://twitter.com/x/status/1239316155703144450

Stock buyback when the market at the top was okay, after 20% down not a good value

 

[bone]

We’re going to see the $29 handle in April Crude tonight.

 

[Amun Ra]

Australia isn't happy right now. ASX 100 initially down 4%

7% now.