What Happen At Futures ?????

[FLY7788]

+ 3% ?????

 

[tcosync]

ES high 1471.50
Unreal!!!!

 

[makloda]

Not sure what's going on but it better be huge.

 

[Jaxon]

fed doing something on interest rates

 

[polpolik]

Was it a rate cut? I don't have real time news. That was nuts. I was about 30 seconds away from shorting the ES :eek:

 

[JayS]

Fed Cuts Discount Window rate by 50 basis points.

 

[myminitrading]

Goldman says fed will reduce interest rates to 4.5% this year.

 

[fseitun]

fed cuts discount window rate

 

[Jaxon]

http://www.federalreserve.gov/boarddocs/press/monetary/2007/20070817/default.htm

 

[polpolik]

Quote from JayS:

Fed Cuts Discount Window rate by 50 basis points.

Thanks JayS. I knew it had to be that.