Fed cuts rates; crisis over?

[Jon Fine]

Doug Henwood wrote:
> 
> The Federal Reserve just cut its target for the fed funds rate by 0.25
> percentage points, and lowered the discount rate by the same amount. The
> Dow is up 250 points as I type, with financial stocks strong. That doesn't
> mean that people in Thailand will be trading their dinners of tree bark for
> ones of chicken in green curry sauce anytime soon, of course. Nor does it
> mean that the U.S. stock market will turn in 25% annual returns for the
> next decade. But I'm starting to think the worst of the world financial
> crisis may be over. Not certain by any means, but leaning in that direction.
> 
> Doug

why?

jf