25 bps cut

[Hemanth]

And not 50 bps. so stocks just took a -90 deg dip

[siddhartha battina]

its more because of the discount rate than the fedfunds rate....people were expecting a 50 to 75 bps cut in discount rate...but they cut it only by 25bps...that was the main disappointment...

[siddhartha battina]

Fed, ECB, Central Banks Coordinate to Add Liquidity ----The Federal Reserve plans to ease ``elevated'' short-term funding pressures by injecting cash to banks through auctions and providing $24 billion in currency swap lines to the European and Swiss central banks.

 

expect a big gapup opening...DOW might open 200 points up....

 

[Hemanth]

Yeah it already is. Everything up during pre-market. GOOG at 712! easy money there since 700.

On Dec 12, 2007 9:20 AM, siddhartha battina <sid...@gmail.com > wrote:

Fed, ECB, Central Banks Coordinate to Add Liquidity ---- The Federal Reserve plans to ease ``elevated'' short-term funding pressures by injecting cash to banks through auctions and providing $24 billion in currency swap lines to the European and Swiss central banks.

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Hemanth K Satyanarayana
http://hemanthunabridged.blogspot.com/