VNO is also down about 10% today. SPG and PSA are holding up nicely though. Paulson is geting ready to speak in 9 minutes. There will probably another short squeeze during his speach. Does anyone here thing that the Fed is going to cut rates tomorrow? I think inflation is still too high to cut rates.
Since when has inflation or any other long term interests entered into the minds of those dorks running the FED? I think your dead on about another emergency rate cut.
But I am not sure this time around what the reaction will be by the foreign markets. How will the foreign bond holders react to another uncle Ben currency devaluation binge with ten year notes paying 3.5% ?