Black Friday?

Um, today's just started, how can your last post be any indication of today's results?

And, if you pay attention to the stock market, ours often responds to those of other countries.

Aug. 17 (Bloomberg) -- The Federal Reserve lowered the interest rate it charges banks and acknowledged for the first time today that an extraordinary policy shift is needed..... The last time the Fed enacted emergency rate cuts was in 2001, first in reaction to the bursting Internet bubble and then in the aftermath of the Sept. 11 terrorist attacks.

NEW YORK (AP) -- Stocks soared Friday, propelling the Dow Jones industrials up more than 180 points, after the Federal Reserve, acknowledging that the stock market's plunge posed a threat to the economy, slashed its discount rate by a half percentage point.

Starting to feel stupid yet?

woiyo wrote:

NEW YORK (AP) -- Stocks soared Friday, propelling the Dow Jones industrials up more than 180 points, after the Federal Reserve, acknowledging that the stock market's plunge posed a threat to the economy, slashed its discount rate by a half percentage point.

Starting to feel stupid yet?

Perhaps, you should be the one feeling stupid after posting the stupid question questioning how a global meltdown could affect the US markets.

It is altogether possible that Fed moved because of the overseas slide.

Roxxxanne wrote:

woiyo wrote:

NEW YORK (AP) -- Stocks soared Friday, propelling the Dow Jones industrials up more than 180 points, after the Federal Reserve, acknowledging that the stock market's plunge posed a threat to the economy, slashed its discount rate by a half percentage point.

Starting to feel stupid yet?

Perhaps, you should be the one feeling stupid after posting the stupid question questioning how a global meltdown could affect the US markets.

It is altogether possible that Fed moved because of the overseas slide.

More than likely, it is extremely probable that you have no "effing" idea what you are talking about.

Media and financial markey movers LOVE to create panic, stupid people (like you), feed off it and react as if the world will end any moment.

woiyo wrote:

Roxxxanne wrote:

woiyo wrote:

NEW YORK (AP) -- Stocks soared Friday, propelling the Dow Jones industrials up more than 180 points, after the Federal Reserve, acknowledging that the stock market's plunge posed a threat to the economy, slashed its discount rate by a half percentage point.

Starting to feel stupid yet?

Perhaps, you should be the one feeling stupid after posting the stupid question questioning how a global meltdown could affect the US markets.

It is altogether possible that Fed moved because of the overseas slide.

More than likely, it is extremely probable that you have no "effing" idea what you are talking about.

Media and financial markey movers LOVE to create panic, stupid people (like you), feed off it and react as if the world will end any moment.

Actually, it is not only more than probable that I know what I am talking about but a fact as I was a broker in a previous life.

As an investor, mainly fixed income, I don't feed off of alarmist crap like this, I am only pointing out your obvious ignorance.

When the market was reaching record highs, I posted that this was a counter trend rally in a cyclical bull market within a secular bear market. In layman's terms, the bull was short term, the bear is long term. The secular bear market began in early 2000 and continues today. Secular bears typically last 7-14 years.

Primarily, I have been out of the market but I did a small play on the cubes shortly after 9/11 and cashed in near the NASDAQ high. I still have some of my profits on the table (House money) that I will leave in long term and I have some in the VTSMX. Other than that, I am in fixed.