September 24, 2007 Update
Remember this from exactly one week ago?
“25% chance – the Fed lowers rates ½% - The Dow would rise 300-600 points within 72 hours (possibly 72 minutes) before the same knuckle-bruising realization (that the “economy is in super, recession-inducing trouble”) kicks into folks’ consciousness and the Dow loses its gains, plus even more.
”What happened? Within 72 minutes the Dow had risen 296 points and by 11:20 EST Wednesday the market was 400 points above where it was just prior to the announcement. Within 72 hours it had reached 467 points above Monday’s closing price.
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