Reply #35: DOW lost about 14% in 4 days when it finally re-opened on the 17th, recouped it all in a few weeks.

[54anickel]

I don't see a very fast recovery this time around, but you never know. If Dimson's term has taught the markets anything it's complacency and what goes down must come up :eyes: until, of course, it doesn't. Depends on how long it takes before they see it as a fire sale bargain.....the big wigs complaining at Davos isn't a good sign.

Thanks for the new lemmings graphic!



On edit - 911 brought a half point cut by the Fed, not sure what rate that left us with. A 3/4 of a point cut hasn't been seen since 1984 (according to this article - http://groups.google.co.ck/group/rec.gambling.poker/browse_thread/thread/2162d0856b5957b6)


They've been pumping away since late last summer, just don't see how more of the same is gonna cure anything. What's that definition of insanity again?