.50 bases point cut next week says Cnbc talking head this morning-WOW!...did you see it?...if so, is this already priced into market...I think a .25 bp is factored in...a .50 bp would cause a MASSIVE RALLY of 500-600 YM/Dow points...agree?
http://www.clevelandfed.org/research/policy/fedfunds/Index.cfm 25 bps and 50 bps are just about equally as likely.
honestly...we get that .50 next week and what is communicated by it rather than just getting it could cause massive sell-off