Tuesday, January 22, 2008

Buy!

The Fed, confronted with recession fears, cut a key interest rate by three-quarters of a percentage point today. The biggest cut in 24 years.

Stocks plunged at the opening bell, with the Dow industrials losing more than 400 points in the first two minutes of trading - U.S. investors ignore emergency Fed rate cut, join global selloff on recession fears.

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