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To: 1Old Pro

The stock market had already begun the “erasing the losses cycle” YESTERDAY, Dow up by 1,200 points, BEFORE the Fed acted.

I think sanity was already returning to the economy and the Fed’s actions today was not needed.

I think the Fed is over reacting now, just as the stock markets were over reacting last week.


24 posted on 03/03/2020 7:52:56 AM PST by Wuli
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To: Wuli
I think the Fed is over reacting now, just as the stock markets were over reacting last week.

I don't, the virus will, because of the panic, cause an economic slowdown and the rate cut is meant to alleviate that.

28 posted on 03/03/2020 7:55:40 AM PST by 1Old Pro
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To: Wuli
>>>The stock market had already begun the “erasing the losses cycle” YESTERDAY, Dow up by 1,200 points, BEFORE the Fed acted.

Are you aware of why? Hint - it wasn't because a lot of investors saw cheap stocks and decided to jump back in.

29 posted on 03/03/2020 7:57:47 AM PST by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
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