Posted by T_Bone on September 18, 2008 at 20:27:48 from (4.240.42.5):
In Reply to: O.T. tick rule posted by NEsota on September 18, 2008 at 19:39:13:
As far as I could see, the new rules did nothing for the market today. The Dow was down about 200 points when the Feds announced another loan to the USA banks. It was that news that drove the Dow up 620 points off it's low.
The US Feds also loaned world banks $180b.
There is so much AP news to night it's hard to keep up with it. Things are really changing fast. What goes up fast, falls down even faster. Hold on too your tussie, it ain't over.
Should be a big pop open tomorrow but then where?
The Feds want to loan the bank some money tp help with troubled mortages. It supposed to help the homeowner keep there homes.
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