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re: 50 point basis cut by Fed. Market responds with a 750 point drop
Posted on 3/3/20 at 1:18 pm to Street Hawk
Posted on 3/3/20 at 1:18 pm to Street Hawk
Fed cutting outside the scope of a normal meeting has caused more panic. It's viewed as a desperation move. Plus, with an increased number of companies slowing down or delaying production, that will have a real impact on earnings.
Markets don't like uncertainty, and the ultimate impact of coronavirus is as uncertain as it gets.
Markets don't like uncertainty, and the ultimate impact of coronavirus is as uncertain as it gets.
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