Reuters - From the Fed's point of view, they were going to do this anyway. When you look at the futures, which were down like 5 percent, it would be the biggest drop of the stock market since the terrorist attacks. Given what's going on in the futures market, given what's gone on in the whole financial system, you had a worldwide breakdown yesterday We're collapsing, our futures today look terrible. The futures are a little better, but still, you're going to have a terrible opening There was a reaction, but not as dramatic as everybody had hoped. That's the key. We're still going to have a terrible opening, so I don't think this had the intended affect. At the end of the day, people are going to sell this market strong. They're not buying.
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