Emergency Cut Rates

The Federal Reserve Board of America cut an emergency 0.75 to halt panic selling around the globe. Stocks around the globe suffered losses for about weeks now with the action intensifying the past two days even india sensex has to stopped 1 hour to stop trading and allow some air in. The action was swift Dow which has no trade of Monday set for a sharp lower open but upon fed releasing the news futures jump.... Opening bell saw almost the same thing panic selling but throughout the session it shows resilience. The Dow ended the day -128.11, Nasdaq -47.75, S&P 500 -14.69. Will this really help some question that if this continues will the fed end up with nothing to cut? Subprime, bear market, correction, recession or whatever times are going to be harder for the market....