NYSE Euronext (NYX)

[Not_Bill_Oneil]

And then today the Federal Reserve announces

their new money market facility (MMIFF) today. With as much as up to $540 Billion of funding to purchase CD's and CP.

Question is: Visionary or reactionary? I say reactionary. There is a difference.

Bloomberg properly described it as "another emergency manuever" today.

http://www.federalreserve.gov/newsevents/press/monetary/20081021a.htm

I continued to be a little Mmiffed by this Fed.

GL.

p.s. Paulson is down on the NYSE floor this a.m. with Neideraurer.