I tend to agree the Fed will want to support confience in the marketplace and we will see at least 75 basis points off interest rates - some are even talkign about 125. Whilst interest rates don't quell credit crises - they will at least put some confidence back into a dented system. I bought in at the end of the day working on a green day in the US tomorrow and given lehman Bros figs have been announced...phew!
I'm in but just for a trade - I tend to believe this has further to fall esp as we will hear this week about any white knights.......or not as the case may be...
DYOR
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