This has to be the biggest one day loss I ever had

[Pit Senior Member Find all posts View Profile Close Pit]

I hope the Fed leaves interest rates alone to support the dollar (and keep pressure on oil prices). Cheap money is largely why we're in this mess.

[vintner Super Moderator Find all posts View Profile Close vintner]

I can't believe it:

9/16/2008 1:14:38 PM - Fed leaves rates unchanged

[wackymother Senior Member Find all posts View Profile Close wackymother]

I can't believe it:

9/16/2008 1:14:38 PM - Fed leaves rates unchanged

No!!!! They did???

[wackymother Senior Member Find all posts View Profile Close wackymother]

OMG, it's true!

[wackymother Senior Member Find all posts View Profile Close wackymother]

Now I REALLY can't look at the market.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Has not sold off yet

[wackymother Senior Member Find all posts View Profile Close wackymother]

It's only been six minutes. Nobody else can believe it either. Assume crash positions.

[vintner Super Moderator Find all posts View Profile Close vintner]

"WASHINGTON (MarketWatch) - The Federal Open Market Committee held its benchmark Fed funds rate at 2.0% on Tuesday. Wall Street was divided about what the Fed would do after a stunning shakeup over the weekend with Lehman Brothers declared bankruptcy and Merrill Lynch moved to sell itself to Bank of America. Some said a rate cut was absolutely necessary, while others argued just as strongly that the Fed should hold steady. The vote was unanimous. The committee suggested the threat of inflation has eased somewhat. It said an "earlier" rise in oil and commodity prices had pushed up inflation."

Gee...I wonder if Cramer may be upset tonight? Think anything will be thrown during the show?

[vintner Super Moderator Find all posts View Profile Close vintner]

I dropped a quick $300 after the announcment.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I dropped a quick $300 after the announcment.

I was up $550 before, After I was down $100 but I am right now down $50

[vintner Super Moderator Find all posts View Profile Close vintner]

After the government said they are not going to bail out anyone come the following:

AIG may get loan package from Federal Reserve, person says-Bloomberg

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I was up $550 before, After I was down $100 but I am right now down $50

What a roller coaster +$655.05

[vintner Super Moderator Find all posts View Profile Close vintner]

Cramer was just on CNBC with my dreamgirl Erin.

He was happy AIG would get help, and that 'it isn't America's problem, it is a world problem'. If AIG goes down, there will be more problems.

[shaggy Moderator Find all posts View Profile Close shaggy]

My money that my broker is managing is down ,5,000 shaggy

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Got back about half of yesterdays loses and I bought FCH at $7.37 which is now $7.62 .