Fed, EU cuts interest rates by 1/2 point-it is about time!

Markets did an incredible about face -- futures substanitially  up, of course. Who knows how long this will last, but it was the one step that will help the most.

Maybe this will help McCain a bit.

I think the market expected this about 30 minutes before it occurred because the futures started strengthening before the decision was made.

The rest are gimmicks to a great extent.
They should have done this months ago.

Update:

Markets opened and went down. This is not enough to stem the tide, obviously.
Markets did an incredible about face -- futures substanitially  up, of course. Who knows how long this will last, but it was the one step that will help the most.

Maybe this will help McCain a bit.

I think the market expected this about 30 minutes before it occurred because the futures started strengthening before the decision was made.

The rest are gimmicks to a great extent.
They should have done this months ago.

Update:

Markets opened and went down. This is not enough to stem the tide, obviously.