US cut rate last night

Last night when we were watching movie in the cinema, Ben Bernanke did something...

Read this morning's news:
Asia rebounds on U.S. Fed rate cut

(CNN) -- Asian stock indexes have made sharp early gains Wednesday, bouncing back from two days of big losses after a surprise steep rate cut by the U.S. Federal Reserve.

U.S. markets opened sharply down on Tuesday but fought back from the session lows after the U.S. central bank cut two key interests rate by three-quarters of a percentage point.

The Federal Reserve attempted to allay fears about the strength of the U.S. economy by trimming its key federal fund rate -- which impacts how much borrowers pay on credit card debt and loans -- from 4.25 percent to 3.5 percent.

It also lowered its discount rate -- the rate at which banks can borrow directly from the Fed from 4.75 to 4 percent.

The emergency measure was the Federal Reserve's biggest interest rate cut in since 1984.

And I just logged into my POEMS...okay...the so-called rebounce is nothing for me! Coz my stocky are still diving...my GOODNESS!

If the US government is doing one thing after the other (last friday Bush just released that what so-called package, then now again cutting the rates~!), and yet the market is still like this...recession is really already here...

What rebounce?! It's not going to last...maybe by the end of today, or tomorrow, the stocky that contributed to the so-called rebounce will dive down again!

Look at Genting International! What is it doing?!...@ 0.61?!?!





Venus