No change

[freelance]

in rates. Unanimous decision.

Well, call me surprised. I've been surprised a lot today.

Tip 'o the hat to OT for calling the dead cat bounce.

 

[Dorfsmith]

No rate cut?

 

[muh_roads]

And with that announcement, the dow just went from a positive 30 to a negative 60...lol

 

[SevenEyedJeff]

Why should they cut rates? There isn't much room left to do so, and it wouldn't make any difference anyhow.

 

[Dorfsmith]

I saw it happen LMAO!!!

 

[Sarge]

Watch any bounce. It could be a sucker rally. They added 70Billion more in liquidity today. That is 140B in two days now.

Note what they are saying about inflation concerns.

 

[voytechs]

Watch any bounce. It could be a sucker rally. They added 70Billion more in liquidity today. That is 140B in two days now.

I heard that too.

 

[Vote Waterman 2028]

And with that announcement, the dow just went from a positive 30 to a negative 60...lol

now near 102...

 

[muh_roads]

And yet the dollar still strengthens...

Recession combined with deflation sure is a bitch. Nobody is safe.

 

[Indy4Chng]

Even worst is the overall market index of S&P 500 decline of over 6% since Friday's close.

 

[Sarge]

Right now the market reminds me of an partner of a knife thrower, having a really really bad day, standing there and trying to catch the errant knives with their hands.

If AIG goes bankrupt the market will tank. We should know that by tomorrow. If they fail more will fail.

The old saying don't try to catch a falling knife is in play big time. Let the dust settle. Listen to yourself when it feels like the worst is over.

 

[Vote Waterman 2028]

Jim cramer was just calling out the Fed and they cut him off, and the lady was obviously looking at her supervisor for adivice, classic. I wonder what else there not wanting us to know..