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Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,752,651 times
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The Fed called an emergency meeting this morning and cut interest rates 3/4 of a point to try and save the US stock markets from a big sell off. DJIA futures were down over 500 points this morning. They have now stabilized at about -300. Treasury boss Paulson is on TV trying to calm the markets down before the open. They are saying that they may have to use "circuit breakers" for the first time ever which will shut trading down after a 5% drop! All I can say is HOOOOOOOOLD ON!