Market Saver or Temp Fix?

The US Federal intervention in the market by decreasing the discount rate seemed to work, but for how long? The Asian markets were all diving with the European market following suit, with a sense of deja vu of the eve of another Asian financial crisis. The Fed came in and turned the tide, resulting in a rise in the US and European market, but was too late to change the outcomes in the Asian markets. So far so good. Will the markets worldwide climb as they open up on Monday morning? Or will the Fed's move a mere quickfix that would not really boost the world economy for this quarter? We will have to wait and see.