martha

What is the expected result of the Fed cut to the discount rate?

wantone

Wow sure didn't expect this move from the Fed this morning!!!!

SilverKnight

tsk tsk......fed bailing the market out. I had a feeling that if enough people cried this would happen.

AZDavid

The market will look around the Fed move and continue the correction. Stocks are already showing signs of this in their price action; downward from open. Don't get too happy and start buying everything in sight.

wantone

Exactly but the Fed might work it's hand a 2nd and 3rd time. Sorta like stints to prop up the DOW. I'm still confident the market will slide down.

AZDavid

Today's opening is the exact opposite of yesterday's close. Sold off 250 points at open! Report that news CNBC.

Bri

what are discount rates? so this means they wouldn't slash the actual interest rates? stocks will propel up if they cut interest rates right? Or is the market in a deep hole where the lowering of interest rates can't save it anymore (Except for a momentary one)

might buy some more DXD and QID.

wantone

Stocks will soar when the Fed cuts interests rates. Imagine the bank telling you you're no longer getting 6.25% but 5%! You'd park your money elsewhere like in the stock market. What the Fed effectively do this morning: 1. let the global markets know that it is aware of what is going on and that it is trying to do something about it. (too late imho) 2. hammer the short sellers from shorting and to suspend the sliding. (too late as the DOW is not only up +85 compared to +300. What drove the market to an awesome comeback to -15 had more to do, imho, banks realizing that the Fed would drop rates today. Anyone want to chime in?

PearlwhiteS2k

good idea to sell today?

GPMike

The more they bail the more they delay the inevitable.