FEDs' Cordinated Effort To Cut Interest Rate

Posted by Kris | Wednesday, October 08, 2008 | | 0 comments »

This time the FEDs teamed up with other central banks to cut interest rate during  the middle of the trading week. Usually news like this happened over the weekend, where surely shorters will be caught with the pants down aka "short squeeze"

The FEDs even had to resort to buying short term commercial debt to stimulate the economy. This is how bad things are right now. Then again this is the time of the greatest opportunity.