Fed uses an arrow
Today's interest rate cut saved the U.S. equity markets from a stupendous downturn. It is likely that they may also have helped a couple or three financial institutions live on to another day. Losses of 1% to 2% in U.S. markets look healthy compared to European and Asian markets that lost over 10%, some over 12%, in two days while we holidayed. The follow up in those markets is now critical and nothing less than a decidedly robust bounce sustained over several days can validate the Fed's action.
Quiver one down.
Quiver one down.
0 Comments:
Post a Comment
<< Home