Do not locate yourself below the swan diving brokers!
No intention of that buddy. This is gonna be pretty horrible I think.
The Fed announcing a quarter basis point cut in interest rates on a SUNDAY NIGHT because they couldn't wait two stinkin days for their scheduled meeting?
Stearns losing billions in literally a FLASH?? Bank customers have to have a warm and fuzzy feeling right about now. How many bought BS shares last week and have literally thrown their money away? So the Fed HAS to guarantee that JP Morgan won't lose anything on the deal???
THEY'RE panicked and I think that others are gonna see that as readily as I do and THEY'RE gonna panic as well. Watch the stampede.