Thursday 30th January 2008: 9.13 p.m.
The stock markets are rallying today generally, digesting this second Fed rate cut, bringing the Fed Funds Rate to 3% from 4.25% just over a week ago! Just how far will they drop it? Who's expecting zero this time around?
The market rally follows a wild ride earlier in the day: Markets in meltdown as both FTSE and Dow Jones plunge again amid recession fears.
Meanwhile, Gold futures closed with modest gains.