Ben's call

On Monday 21st of January, the world markets plunged while the US markets were closed by MLK day.
The next day, before the open, the FED decided to cut 0.75% (75 basic points) in an emergency teleconference.
Nothing happen for a while, but on Wednesday the markets stopped the downward trend and soared big time.

On Thursday the market progressed a little. But on Friday, after a substantial gap up, the markets went downward and by noon, they were in red.
According to our sources, this is what was happening at Ben Bernake's office, FED's Chairman.

"Mr. Bernake, ehem, it's them again."

Silence. A solid minute after:

"O-Ok, pass them thru"

"Hello, Ben, how are you doing?"

"Well, looking at the market... it's not looking good"

"Yeah, that's why I'm calling. We need another cut."

"What! But, but, but I just gave you the biggest cut ever!"

"Yeah, and we are happy with that, but it seems to not be enough. People is getting smart and they're not buying it will solve the mess."

"Ok, then. But you have to wait until the next meeting. It is just 4 days away, 2 business days actually."

"No, we can't wait. You have to cut another 75 points today."

"Are you nuts? I could lose my job. And in that case the fall will be even greater."

"Mmm, good point. Ok, but you need to cut 1% on that day."

"What! That's too much! The inflation could soar and my job is..."

"Listen to me, you puppet. Your job is to keep the market up. If not, the western civilization could end. Don't you get it?"

"Can it be 75 basic points? I think I may handle it."

"Let me think about it, Ben. I'll call you back."

Ben's having hard times these days.