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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Old 03-16-2008, 10:50 PM
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Re: Since when the U.S. Fed Cut Discount Rate 7:00pm EST Sunday Evening ?
I think things were a lot worse than we thought on Friday. Basically BSC is declaring bankruptcy - thus why they are being bought for $2 a share. As far as the rate cut goes, that tells me things are a lot worse than they appear. Not just the cut, but now they are allowing the loans to last for 6 months. But what do I know?

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