Fed cuts interest rate by 3/4 point
- added January 22, 2008
- 10 responses
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- smorrisey
- added this
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Thanks to google, you can watch your stocks fall in real time... Ugh. -
I have been watching my stocks fall in real time for years on Ameritrade. It's loads of FUN! Now I just feel like the rest of the world has joined me!
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As a complete rookie to stocks and shares, is now technically a good time to buy, presuming the world's governments and traders are going to be working on this so a rise is most likely going to happen at some point?
As I say, I'm a total rookie so that could be a very daft question and completely missing the point of the whole 'recession' word. -
I think one hour ago was a good time to buy but keep looking out for more "sales"!!!
It all depends on what you are looking at. -
No idea where to begin. The plan was to buy a couple of shares and somehow make many thousands of £s/$s/?s.
Might be best if I keep on buying lottery tickets for the time being, hmm? -
lottery tickets would be a better bet. :)
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isn't this part of what precipitated the current situation? consistently dropping rates to stave off a recession, helping to entice people to take out loans they had no business taking? I'm sure that's a gross oversimplification, but still...
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The other thing they can do is crash airplanes into two large buildings in the financial heart of America like they did last time this was about to happen. That worked to keep the situation in check for a good 7 years. I think they are trying to be low key about it this time.
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I'm not an export and you should take my opinions lightly when it comes to investing, but I would be cautious about buying until we see the bottom of this. It is wise to buy low, but whether we've seen the lowest is still questionable.
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