someone is buying, page-19

"Join the force to stabilize the system"

Fed enacts emergeycy interest and US market got off from its terrible start.
1. The moves were made in coordination with other central banks around the world including the European Central Bank and Bank of England.
2. The ECB, which had kept rates unchanged as the Fed engaged in a string of rate cuts over the last year, cut its rate by a half-point to 3.75% - its first cut in five years.
3. The Bank of England also cut its rate by a half-point to 4.5%. The Swiss, Australia, Canadian and Swedish central banks also made cuts.
4. The Bank of Japan joined the statement of the other six banks expressing its strong support of these policy actions.
4.1> But with its rate already at 0.5% before the joint cut, it did not follow with a cut of its own.
5. Central banks have followed each other in coordinated cuts in the past. For example, the ECB and the Fed both made emergency cuts a week after the Sept. 11, 2001, terrorist attacks.
6. But the joint statement announcing a cut at multiple banks is still rare.

If the stabilization is successful and FMS could be confirmed, three months later, things could be different. The problem is not the IO, FMS IO, economy, but the confidence on the systme.

Market crowd worrys the sky is falling down. Possible but should not so easy.