March 15th, 2020


Federal Reserve cuts Interest rates to 0%

But the Fed on Sunday slashed rates by 100 basis points, less than two weeks after it had already made an impromptu 50 basis point cut.

1) I think that this sudden rates cut is too extreme.
I agree with "Cleveland Fed President Loretta Mester, who supported all the actions but preferred only a 50 basis point cut to a target range of between 0.5% and 0.75%."

2) That interest rates cut also benefits my risky GUSH purchase.
I should, probably, use tomorrow market growth and sell some of my GUSH shares.

3) Friday's sudden 10% growth in the last 20 minutes of trading (15:40 EDT ... 16:00 EDT) -- most likely explained by the leak about impending Federal Reserve Interest rates cut.

Originally posted at: