1 posted on
03/03/2020 7:10:27 AM PST by
L,TOWM
To: L,TOWM
Stocks erased early losses to turn solidly higher after the Federal Reserve delivered a rare, inter-meeting rate cut, dropping the range of its benchmark rate by half a percentage point. The Dow Jones Industrial Average was up 183 points, or 0.7%, at 26,886, while the S&P 500 advanced 27 points, or 0.9%, to 3,117. The Nasdaq Composite gained 51 ponts, or 0.6%, to 9,003.
2 posted on
03/03/2020 7:13:33 AM PST by
1Old Pro
To: L,TOWM
So much for abruptly raising rates to tank the economy for the dems.
Time to warm up the helicopters? /Pinochet>
3 posted on
03/03/2020 7:14:18 AM PST by
grey_whiskers
(The opinions are solely those of the author and are subject to change with out notice.)
To: L,TOWM
Good.
President Trump has rightly criticized the Fed the past few days.
This will bring the funds rate more in line with the market.
8 posted on
03/03/2020 7:23:07 AM PST by
Moonman62
(Charity comes from wealth.)
To: L,TOWM
Way to jawbone them, Mr. President!
13 posted on
03/03/2020 7:33:14 AM PST by
Buckeye McFrog
(Patrick Henry would have been an anti-vaxxer)
To: L,TOWM
Gosh, I hope they didn’t hurt themselves.
14 posted on
03/03/2020 7:33:39 AM PST by
VA40
To: L,TOWM
17 posted on
03/03/2020 7:36:52 AM PST by
CharleysPride
(Peace, Freedom and Prosperity. Thank you, President Trump.)
To: L,TOWM
As of now, the market has digested that news and continued on its own merry way.
36 posted on
03/03/2020 8:23:50 AM PST by
Paladin2
To: L,TOWM
To: L,TOWM
guess wall street isn’t a fan stocks are down 500 points
To: L,TOWM
56 posted on
03/03/2020 8:55:46 AM PST by
FtrPilot
To: L,TOWM
Holy Schneikies! Look at Gold and Silver GO, today! Ya-Hooooo!
http://www.321gold.com/
58 posted on
03/03/2020 9:01:59 AM PST by
Diana in Wisconsin
(I don't have 'hobbies.' I'm developing a robust post-Apocalyptic skill set.)
To: L,TOWM
It's a rare move for the fed to make such a rate cut inter-meeting.
The fed knows that there is risk to our economy from Covid-19 (panic, hysteria) likely through summer due to supply chain disruptions + fewer people "out & about spending" that will have a ripple effect short term.
The underlying fundamentals are solid, but we'll likely see a number of companies report lower financials in the next quarter.
72 posted on
03/03/2020 9:50:15 AM PST by
rxsid
(HOW CAN A NATURAL BORN CITIZEN'S STATUS BE "GOVERNED" BY GREAT BRITAIN? - Leo Donofrio (2009))
To: L,TOWM
I’m not an economist and want to know why the government controls interest rates. I thought we had a free market economy.
73 posted on
03/03/2020 10:30:13 AM PST by
I want the USA back
(We have sunk to a depth where restatement of the obvious is the first duty of intelligent men:Orwell)
To: L,TOWM
76 posted on
03/03/2020 11:12:10 AM PST by
Envisioning
(Carry safe, always carry, everyday, everywhere.)
To: L,TOWM
There's only one thing investors need to look at right now.
Treasury rates went below 1% today. What does this mean?
Basically, investors feel safer in bonds with a ridiculously low rate than they do in equities.
People are scared.
Be careful about wishing for negative rates. That means investors are willing to PAY for the privilege of not having their money in equities.
94 posted on
03/03/2020 1:31:50 PM PST by
politicket
(Don't remove a Bernie Sanders bumper sticker. It's the only thing holding the car together!)
To: L,TOWM
How many months ago did Trump ask them to drop rates? 6? 9? More?
104 posted on
03/03/2020 7:57:31 PM PST by
TigersEye
(MAGA - 16 more years! - KAG)
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