8/17 http://www.cnbc.com/id/15840232?video=473088648&play=1
Jim Cramer, reacting to 50bp drop in discount rate:
"We will go to 14,500 by year-end"
\_ looks like the fed is doing a lot. HALF PERCENT baby
\_ you know it was to the discount rate, not the fed funds rate.
the response was to the change in bias, the expectation of a
discount rate cut soon - the "half percent" was for the unwashed
masses
\_ you know it was to the discount rate, not the fed funds
rate. the response was to the change in bias, the
expectation of a discount rate cut soon -
the "half percent" was for the unwashed masses |