US Markets Rally! Whats in store for Asian Markets on Wed?

Fed was supposed to meet on Tuesday. Everybody in the market expected a rate cut. And Fed did not disappoint most of them(coz many expected an exagerated full 1 (one) percentage cut). It delivered a 75 basis points cut getting the interest rates to 2.25%!!

It was close to 4.25% in December of 2007, and the series of Fed rate cuts has got it down to 2.25%. But will it affect the Dollar negatively? Will this effect the inflation? will this effect the oil prices? How much will this help the mortgage crisis? All will be answered in a week from now.

And the markets!!?? NASDAQ?? On the expectance of the cut, the market sentiments were pretty positive by the time it opened with the DOW and the 30 stocks Tech Index slightly in the green. Follwed by the Monday when the Bear Stearns bad news came up, making the banks stocks fall by quite a percentage.

Tuesday, LB and GS deliveed results beating the market expectations adding to the fed cut and when I write this, the markets are celebrating these events with the DOW up by more than 400 points and NASDAQ up almost a 100 points!

The market sentiments needless to even mention that it is very very high!!

What will happen to the Asian markets which are sighted to open jus like in 5 hours from now!!?? It will be a big rally and I will not be surprised to get up morrow morning and see the indexes with a huge jump!!

If you are reading my blog before the markets open, I would suggest to put in your money if you have any, and it will surely give you good profit by the end of the day morrow!!

Happy Fed Cut Celebrations!!