For those doing stock and FX trading
By mokbul
@mokbul (616)
Singapore
December 16, 2008 7:59pm CST
This discussion may attract only those who are doing or keeping in touch with stock and FX trading.
Fed cut rate again yesterday to make USD 0.25%. This is the life time low lending rate for US dollar. The move is to stabilize financial market and boost stock market. In response USA market responded moderately, DOW increased by about 360 point is too low comparing to cut of .75 point in dollar lending rate.
All hoping that market will reverse and start gaining momentum, do you think that this action going to revive almost dead financial markets?
1 person likes this
2 responses
@sanuanu (11235)
• India
17 Dec 08
I do believe that this move will give some strenght to the markets but the economy is so bad hurt that it will take months to recover. I don't think the next will be the one we are looking for. I think in 2010, we will be saying that Slowdown is over and we will look forward for up moving.
Till now, its slowdown and its not only in US but all over the world
@mokbul (616)
• Singapore
17 Dec 08
Thanks for sharing your opinion. US sub prime loan was the germ and the disease is recession. It is now not contained in USA only but spread all over the world. None of the medicine working, we hope that the latest medicine of drastic rate cuts in doller does act.
1 person likes this
@feldman (53)
• Malaysia
17 Dec 08
I dont think this method can help the market to boost up,because there are too many loan and loss of money that US face in these year,this decreasing of value in stock market maybe is a reverse back for the world to become more stable but not full with loan. There are so much loan that havnt been found which will cause the economy fall again.
