Red January

I seldom post things about the financial markets, but I guess this would be an exception.

When the Fed Bank of USA cuts by 75 basis points (during a non pre-determined meeting), it is not a recovery signal. It is not a bail out. It is an indication that "Ok, we're in recession, we admit it, and hopefully this cut can help tide this period over."

Not.

Dow responds with -400 opening. It has been a very red January, esp for those who are still vested. That includes me, who is staring at huge losses. Blue chips though, so I guess I will just hold on to them. However, I would strongly suggest others to consider taking losses for now. Even I'm seriously considering taking losses. Hmm.