Stock Futures Slide After Fed Slashes Rates S&P 500 futures hit a limit by falling 5%; Dow futures

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6. Might Help The Banks/Liquidity

Right now it seems this action is to prop up the banks. Not going to help people who have loose hours or work and are saddled with the credit card debt or trying to make mortgage payments in the next couple of months. I hate to think what will happen if people start running to the ATM machines for cash all at once.

I finally logged on to work and checked email. Was somewhat disturbed that my work 401 had posted an email saying that they would do their best to keep up with requests through their online system. Am wondering what people are doing. Are they cashing out, selling funds, asking for loans?!?

...and we're also out of coffee.