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With a dramatic fall in the markets yesterday (Dow dropping over 300points) and then amazing recovery to close almost flat, and todays announcement of rate cuts, I am forced to wonder if someone(s) knew about this and knew that markets will gap-up on the news. This is quite insane to ask this question but I don’t know, I can’t stop thinking and linking the chain of events. Only time will tell us whether or not it was the case, I wanted to record my thought right here at my blog that I smell something fishy, but hey that’s just me and this time, I would love to be wrong.
So now the discount window rate cut is announced, what does it mean…..THINGS ARE BAD and fed now needs to intervene. Thanks Cramer.
Till then, enjoy the ride, OP