Fed cuts rate to zero

[Amrita]

Just now, BeerBob123 said:

Cc balances kooda jattakarledhu anta

I don’t have any loans or balances . 

But I will buy a car may be . 0% APR vaste . 

[gandhi]

6 minutes ago, r2d2 said:

Next step is the devaluation of the dollar... and then we will live happily ever after...🤬

that we never happen.... it is US dollar man not chineese yuan 

 

USD is world bench mark.

[nag_mama]

11 minutes ago, pittagoda said:

It might go down. This is the last thing Feds can do. 

SEC can stop shorting trades, then it will not fell

[LazyRohit]

Personal loan vadiki cal chesi apr taggi anocha

[nag_mama]

25 minutes ago, Sucker said:

Tq thatha. Yem chesi aina market ni leputhadu thatha. anduke businessman President avvali. Next we want Bloomberg antunna Db Prajnikam.

India lo kuda modini dimpesi Jagan anna ni PM cheste baavuntundi antunna jaffas

[Amrita]

Just now, LazyRohit said:

Personal loan vadiki cal chesi apr taggi anocha

Waive cheyamane adagachu antunna @sri_india

[Avenger]

.

[Sucker]

1 minute ago, nag_mama said:

India lo kuda modini dimpesi Jagan anna ni PM cheste baavuntundi antunna jaffas

Thank you Sheeyam Sir. 

[r2d2]

9 minutes ago, gandhi said:

that we never happen.

Yes.. it will be a disaster.. but Thaatha has broached it several times..😀

[MaZA]

DOW Futures  800 points down

[2020]

Just now, MaZA said:

DOW Futures  800 points down

Market is going down ?

[MaZA]

1 minute ago, 2020 said:

Market is going down ?

It looks like..It will open at least 1000 low tomorrow...True Panic has begun.

 

[jefferson1]

today rates from wells

 

30-Year Fixed Rate	4.000%	4.128%
30-Year Fixed-Rate VA	3.875%	4.243%
20-Year Fixed Rate	3.875%	4.051%
15-Year Fixed Rate	3.250%	3.454%
7/1 ARM	3.500%	3.443%
5/1 ARM	3.500%	3.380%

[nag_mama]

Stock futures plummet — hit ‘limit down’ — even as Fed slashes rates; Dow futures off 1,000 points

 

 

Traders work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) in New York City.

Drew Angerer | Getty Images

Stock futures fell Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central bank’s actions may help ease the functioning of markets, many investors said they would ultimately want to see coronavirus cases peaking and falling in the U.S. before it was safe to take on risk and buy equities again.

Dow Jones Industrial average futures were off by more than 900 points as of 6:12 pm ET. S&P 500 futures were lower by more than 4%. Nasdaq-100 futures fell 4%.  

 

“The Fed blasted its monetary bazooka for sure,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “This better work because I don’t know what they have left and no amount of money raining from the sky will cure this virus. Only time and medicine will.”

The Fed cut interest rates down to basically zero, their lowest level since 2015. The U.S. central bank also launched a massive $700 billion quantitative easing program. President Donald Trump said he was “very happy” with the announcement, adding: “I think that people in the markets should be very thrilled.”

“This, coupled with an important fiscal package, should help cushion the economic downside from the virus’ effect on economic activity,” said Quincy Krosby, chief market strategist at Prudential Financial. “It’s going to be positive, but the market is at the mercy of the virus and at the mercy of whether the containment policies work.”

close dialog

 

The Fed’s announcement came after they issued another emergency rate cut earlier this month. It also comes on the heels of the market’s biggest one-day gain since 2008, with the major averages all surging more than 9% on Friday.

Still, that rally wasn’t enough to wash out the steep weekly losses that ended the longest bull market on record. The Dow and S&P 500 both fell more than 8% last week along with the Nasdaq Composite, tumbling into bear market territory. A bear market is usually defined on Wall Street as a decline of at least 20% from a high.

 

 

 

 

Investors have been dumping equities amid worries the coronavirus will slow economic growth and take a bite out of corporate profits. Economists at JPMorgan see negative growth for the first quarter while Goldman Sachs downgraded its first-quarter growth forecast to flat from 0.7%.

“The rapid spread of COVID-19 across the globe has dramatically heightened investor uncertainty and rocked global financial markets,” strategists at MRB Partners said in a note, adding the situation will “get worse before it gets better.”

“Looking ahead, the number of active cases is likely to worsen in the near run,” they said.

More than 156,000 cases around the world have been confirmed, data from Johns Hopkins University shows. At least 2,952 people in the U.S. have been infected while the virus’ death toll in the U.S. is at least 57. New York Gov. Andrew Cuomo urged Sunday the Trump administration to mobilize the army to help fight the virus.

To be sure, MKM Partners’ JC O’Hara thinks the market may be getting close to reaching a bottom as sentiment keeps dropping and technical signals “suggest a selling climax is near.”

“We believe the conditions are such that we are closer to a sentiment low,” the firm’s chief market technician said in a note Sunday. “Market bottoms are often made with two distinct lows; a low in price and a low in sentiment, and they don’t always occur at the same time. Both are needed before stocks can move higher.”

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[2020]

7 minutes ago, jefferson1 said:

today rates from wells

 

30-Year Fixed Rate	4.000%	4.128%
30-Year Fixed-Rate VA	3.875%	4.243%
20-Year Fixed Rate	3.875%	4.051%
15-Year Fixed Rate	3.250%	3.454%
7/1 ARM	3.500%	3.443%
5/1 ARM	3.500%	3.380%

Is it good?