Traders Laboratory - View Single Post - Since when the U.S. Fed Cut Discount Rate 7:00pm EST Sunday Evening ?

Traders Laboratory - View Single Post - Since when the U.S. Fed Cut Discount Rate 7:00pm EST Sunday Evening ?

Thread: Since when the U.S. Fed Cut Discount Rate 7:00pm EST Sunday Evening ?

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03-16-2008, 09:41 PM

OAC

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Since when the U.S. Fed Cut Discount Rate 7:00pm EST Sunday Evening ?

Today JP Morgan bought Bear Stearn for $2.00 a share on a Sunday, tell me if I am wrong, I thought the stock was trading in the 20s last Friday ? And the Fed just cut discount on rate a Sunday evening.
Are we in the middle of a financial meltdown ?

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