Exactly right.
Lets see - problem is liquidity drying and credit tightening --> Reduce rates --> problem fixed.
Temporarily.
That will be enough for the stock market to at least rally for a while...longer term, who knows.
And realistically - who cares?
oh my god stock futs are soaring, page-8
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Last
$4.86 |
Change
0.080(1.67%) |
Mkt cap ! $3.263B | |||
| Open | High | Low | Value | Volume |
| $4.84 | $4.89 | $4.82 | $4.001M | 823.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25238 | $4.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.86 | 11107 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DOW (ASX) Chart |