Feds also cut discount rate by 1/4 point

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

Reply New Message

Prev Message Back To Forum Threaded View Next Message

opgtrader

Rank: Vice President [?]

Points: 4521 [?]

Votes: 137 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Feds also cut discount rate by 1/4 point

in response to

Re: JPMorgan Chase to acquire Bear Stearns & Gold at $1011

wes11

posted on Mar 16, 2008 04:24PM

The feds also just took an emergency measure to cut the discount rate to 3.25 %.

Looks like panic all round and POG nowhere to go but up. Unfortunately if there's panic out there tomorrow, we'll see our SP lower as everyone and his mother liquidate what they can.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply