Will the Dow drop below 10,578.24 before Bush's term ends?

[Person Man]

The markets are hovering below 12000....just as I expected.

Did you expect the rate cut? Had that not happened, the market would be down 500 points today, at least. (Although I think that would have been a better thing for the economy; Bernanke's panic button is getting old.)

It seems like a coke moment, doesn't it?

[Queen Mum Inks.LWC]

Probably.

[Verily]

The markets are hovering below 12000....just as I expected.

Did you expect the rate cut? Had that not happened, the market would be down 500 points today, at least. (Although I think that would have been a better thing for the economy; Bernanke's panic button is getting old.)

It seems like a coke moment, doesn't it?

The worst part is that, the next time the market panics, they'll expect another rate cut. And that time it will have to be at least 75 basis points or else they'll panic anyway that "the Fed isn't doing enough".

[frihetsivrare]

The Federal Reserve is the main reason all of this is happening. 

[Person Man]

The markets are hovering below 12000....just as I expected.

Did you expect the rate cut? Had that not happened, the market would be down 500 points today, at least. (Although I think that would have been a better thing for the economy; Bernanke's panic button is getting old.)

So it is like coke.
It seems like a coke moment, doesn't it?

The worst part is that, the next time the market panics, they'll expect another rate cut. And that time it will have to be at least 75 basis points or else they'll panic anyway that "the Fed isn't doing enough".