with the US markets closed yesterday for MLK day markets all over the world ended up dropping between 5-10% due to worries on how the US market would pan out due to many people thinking we are heading for a large recession again.
The Feds cut 3/4% off the funds rate and are expected to possibly cut that rate from the current 3.5% down even more.
its said that this is the first emergency rate cut since sept. 2001 and the largest rate cut since 1984
.... didnt see anything about this posted else where but i figure that theres plenty of people world wide that are investing and it will effect them. i know i dont have much invested but at 22 its set up really aggressive and im down about 16% in just the past 2 months (not counting the large loss ill have today)
