Why was the lowering of the fund rates so powerful?

[aaronk321]

We're were headed for at least 3% + downfall today based on the futures market and then wham the fed came in to save the day

 

[The Kin2]

who cared. Btw the iPhone is to fucking cool.

 

[nazzdack]

It's an excuse to punish the "shorts".

 

[Bob Rowshan]

Quote from nazzdack:

It's an excuse to punish the "shorts".

And they were punished on the friday opening !

 

[Optionpro007]

Powerful indeed when Poole states that the fed would do anything between meetings but only in case of a "calamity", just 24 hrs before it did.

Makes one wonder what they are looking at...

 

[stock_trad3r]

bfft isnt there already a thread about this?