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.50 pt cut in the discount rate and .50 pt cut in the fed funds rate and they said they would act as needed.
The most telegraphed big money signal is in effect.
The Most Telegraphed Big Money Signal Ever?
15 Sep
Posted by Sensei @ 11:50 am | categorized under: Market Comments
Have investors gone mad? Is there anything to justify a 1700-point rise in the Dow Jones industrial average in just seven weeks? Has the economy improved that dramatically? No, it hasn’t.The real story is that, all along, the economy was a lot stronger than the pundits were telling investors. Reports of the collapse of corporate [...]
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