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
$4.91 |
Change
0.010(0.20%) |
Mkt cap ! $3.290B | |||
| Open | High | Low | Value | Volume |
| $4.94 | $4.94 | $4.90 | $95.11K | 19.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2491 | $4.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.91 | 2314 | 11 |
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| Last trade - 10.32am 12/08/2024 (20 minute delay) ? |
| DOW (ASX) Chart |