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Well... Looking at the French stock exchange, the 75 points rate cut had an effect.

For about 30 minutes. Indeed, half an hour later, the CAC was pretty much trading as before the cut. I guess it's a safe conclusion that it is being viewed as not making much of a positive difference.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Tue Jan 22nd, 2008 at 09:04:37 AM EST
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Just about the same 30 min rise in the DAX, where it even touched positive, before dropping back another 2.3%.

In windpower stocks, Vestas, hammered since weeks, broke back into positve territory all day today, currently up 12%.  Nordex, also hammered for weeks, saw similar gains all day today, hovering now at null.  It's far too early to tell, but i'm hoping this means wind will become a more preferred investment i these crazy conditions.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Tue Jan 22nd, 2008 at 09:29:51 AM EST
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