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There was a 500 point 'clawback' during the last 30 minutes of trading. Does that mean the selloff is over and Monday will be up?
Monday? I wish I knew!
I believe the crawl back was from Powell saying he'd defend the economy. With interest rates 1.25%, just how much defending can he do? I still can't figure when we have a booming economy, the best the world has ever had, Powell had to lower interest rates last year??
Paul (SNOTZALOT) said:
I still can't figure when we have a booming economy, the best the world has ever had, Powell had to lower interest rates last year??
because ... Trump ?
Futures just opened, 6 PM Sunday evening.
It don't look good when you can't even cheek kiss anymore!
manic gyrations continue, meanwhile ...
The Federal Reserve is cutting but must further ease and, most importantly, come into line with other countries/competitors. We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!— Donald J. Trump (@realDonaldTrump) March 3, 2020
Rate cut, we want a rate cut! OMG, they cut the rate ... it must be really bad!
Here are the results of the rate cut. How's yer 401K today?