Nitro, in all honesty - I don't want to move this to chit chat. Please explain what you mean. I'm truly interested in why you believe that was capitulation.
imho Bernanke really shouldn't have done what he did. the global interest rate cut was led by him. he thought he can intimidate the market by showing a united front among the world's central banks. instead, he showed that they are all panicing and things really are that bad.
