Stupid stock traders

[h linamen]

What's with the stock market? We get another quarter percent drop in the prime rate to help boost the economy, so what does the DOW do?.... drops nearly 300 points today. Makes no sense. Yeah, Yeah I know they wanted a half-percent decrease.

[n-fin-it n-tro-p]

look at aapl too...

-6.2 when it was up +2 earlier

[Ombligo]

It's not traders per se, most trading is down automatically via computer programs.

Besides if your lucky, your 401k, IRA, etc.. is buying today.

[SeattlePhotog]

If your lucky WHAT?

[hal]

absolutely typical - if you can't stand the heat...

[MacMagus]

> We get another quarter percent drop in the prime rate to help boost the economy, so what
> does the DOW do?.... drops nearly 300 points today.

Maybe because a drop in rates guarantees a sinking dollar; a quarter-point doesn't reassure the vast majority of investors who are idiots and think that the fed should have cut it by a whole point just to bolster the slow housing market; and analysts reported this week that inflation is expected to have gone up considerably this quarter and is likely to go up as much or more in the next quarter.

Maybe.