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Fed keeps markets on a seesaw

Published Wednesday, September 17, 2008 by brody85914 | E-mail this post

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Wall Street wanted another Fed cut.

Wall Street expected another Fed cut.

Wall Street got another Fed cut.

And as soon as it came, Wall Street sent the Dow Jones Industrial Average plummeting more than 100 points, then up by nearly 170 points in less than 15 minutes. It closed up 138 points for the day.

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