The Federal Reserve and Chairman Ben Bernanke cut the discount rate only three-quarters of a point, instead of the full point, or even more, a greedy Wall Street had been expecting and lusting for.
How greedy and lusting? The Dow shed 100 points within two minutes of the Fed announcement.
Update: The Street then decided that three-quarters a loaf was better than none, doing a 200-point uptick after the 100-point drop.
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