Why did the Fed cut rates a half if T assures us that everything is fine with CV?

[kmiklas]

It frightens me a bit... I would feel much better if they cut a quarter "as a safety precaution."

This cut makes me feel like there's a storm on the horizon.

My other theory is based on Tufte's book... that T parlayed the CV into a big rate cut to stoke the economy for the election. "It's the economy, stupid."

 

[Cuddles]

Because this is the best economy in human history, so it's what you do

or:
https://www.elitetrader.com/et/thre...go-to-prevent-further-market-bleeding.340839/

 

[southall]

CV will not that be that bad in terms of the number of people it will kill.

But economic impact will be bad from the knock on effects like the reduction in consumer spending and businesses closing. Might turn into a full blown recession.

 

[gaussian]

They did it to try to prop the market up because this is looking real bad for mango man. It didn't work because it shows that the fed is actually afraid, and as a result conveyed weakness rather than strength so the market plummeted.

 

[southall]

Actually the fed timed it wrong. They should announced the cut when the markets were at recent lows. Not after a 1200 up day.

Then they would have triggered the 1200 up day. And made themselves look good.

They missed that chance so should have waited until the market were oversold again and making new lows. Then they would have got a good short squeeze rally.

Instead they now look weak.

 

[The Humble Bunch]

COVID-19 brought to you by bears.

 

[southall]

COVID-19 brought to you by bears.

It was bought to us by Bat eating retards.

 

[S2007S]

Nearly every person interviewed today from what I heard was praising the rate cut!!!!
This was just the fed bowing down to wallstreet, this has been going on for decades now. I knew they were going to cut rates even though in every fed statement they claim how resilient and strong our economy is...there is no way you lower rates and claim our economy is strong. Those 2 do not go hand in hand. And way to go dropping rates down 50 basis points...I honestly cannot wait for the next deep recession and collapse in stocks just to see what the fed does because at this point they have absolutely no where to go, if a deep recession were to come and markets were off 40% the fed would have already dropped rates to ZERO percent, then what? Well only way at that point would be negative rates and that's exactly where we are headed. Negative interest rates just because the fed bows to wallstreet every single time.

 

[S2007S]

Actually the fed timed it wrong. They should announced the cut when the markets were at recent lows. Not after a 1200 up day.

Then they would have triggered the 1200 up day. And made themselves look good.

They missed that chance so should have waited until the market were oversold again and making new lows. Then they would have got a good short squeeze rally.

Instead they now look weak.

Market drops 10% and media hypes up a virus that's going to eradicate itself in a few months time and the fed listens to trump and wallstreet and drops rate by 50 basis points??? Come on. It was a fu×king ridiculous move that should have never happened....

 

[Cuddles]

Nearly every person interviewed today from what I heard was praising the rate cut!!!!
This was just the fed bowing down to wallstreet, this has been going on for decades now. I knew they were going to cut rates even though in every fed statement they claim how resilient and strong our economy is...there is no way you lower rates and claim our economy is strong. Those 2 do not go hand in hand. And way to go dropping rates down 50 basis points...I honestly cannot wait for the next deep recession and collapse in stocks just to see what the fed does because at this point they have absolutely no where to go, if a deep recession were to come and markets were off 40% the fed would have already dropped rates to ZERO percent, then what? Well only way at that point would be negative rates and that's exactly where we are headed. Negative interest rates just because the fed bows to wallstreet every single time.

apparently, last time an emergency rate cut was issued was during the '08 meltdown. So using that logic, this must be as bad