Futures Gone Negative Already!!!

[dsq]

wow,dow futures was up over 200 and now DOWN 75!!!What a difference a few minutes makes...holy crap...

 

[m22au]

XLF -1% is what I'm watching. Just amazing.

I'm not sure if this is calling it too early, but what if today was another 5% plus down day, in the face of the rate cut?

Now that I've posted this, the stockmarket will probably prove me wrong and close in the green today.

 

[gnome]

The rate cut's impact is mostly psychological... Whether rates are 2.0 or 1.5% makes no economic difference whatsoever.

 

[S2007S]

Its a joke, if they had just let the economy go into a recession back in 2001-2002 we WOULD NOT be in this situation today, thats why the markets are suffering. The markets have been inflated with monopoly money thats why we are having this crisis, the sad thing is you would think guys like greenspan and bernanke would know the way to go about fixing a problem is not throwing everything and anything at it, but to let time and the free markets fix it.


FOOOOLS

 

[achilles28]

Quote from gnome:

The rate cut's impact is mostly psychological... Whether rates are 2.0 or 1.5% makes no economic difference whatsoever.

Yep, you're right.

Its all bout those banks now.

 

[m22au]

I agree to a large extent - however my initial thought 1.5 hours ago was that a rate cut would be a good excuse for a green day today. We'll wait and see how the next 7 hours unfold.

Quote from gnome:

The rate cut's impact is mostly psychological... Whether rates are 2.0 or 1.5% makes no economic difference whatsoever.

 

[JamesVU2000]

People are panicking and be irrational right now.

 

[TT1]

They should have waited until our markets were open like 10 am et, to make a rate cut decision!!!

 

[ElCubano]

Quote from achilles28:

Yep, you're right.

Its all bout those banks now.

imagine what the real numbers must be.....whats worse than TOXIC??

 

[CaptainObvious]

In keeping with my mechanical theme, since that's what I know, wild swings are a precursor to a total meltdown. Prior to catastrophic failure in a motor you will see wild fluctuations. Power will surge, then fall off, surge, fall off. Keep trying to run it...it and the system it runs will blow apart completely.
DOW will fall to 9000 today, hold and surge for awhile, fall catastrophically to below 8000 sooner than later.