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Topic: Wow, looks like some people were expecting a bigegr rate cut

PCola77
Member

Member Rated:

posted

Indexes fell off a cliff a half hour ago.

Posts: 5508 | From: Southeastern PA | Registered: Jan 2006 | IP: Logged |

Jo4321
Member

posted

Yeah, that sucks, eh?
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Stocks Plunge on Fed's Quarter Point Cut-
AP
Stocks fell Tuesday after the Federal Reserve lowered its benchmark interest rate by 0.25 percent, disappointing some investors who hoped the central bank would take more aggressive measures. The Dow Jones industrial average, which had been up about 40 points before the decision, dropped more than 200 points.

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"Great Day for Up!"....Dr. Seuss

Posts: 3387 | Registered: Mar 2006 | IP: Logged |

chuck9
Member

Rate Member

posted

Anyone have any idea why it went down at these levels? DO you think that not getting the higher percentage would do this much damage? Or is there something else under the cover.
[Confused]

chuck

Posts: 330 | Registered: Nov 2007 | IP: Logged |

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