Tuesday, December 11, 2007

Tue 12/11/2007 2:21pm

fed cut fed funds to 4.25% and discount rate to 4.75%
only 1/4 point in each case, disappointing the markets.
1 fed governor voted for a lower fed target of 4.00%, so the market may focus on that knowledge later

chiu index at 1239.372 -6.66% from ath now and -1.4% from the pre fed announcement level

spx at 1499.11 -1.11% and 5-0 sell

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