According to Reuters 100bp cut is baked in already http://www.reuters.com/articlePrint?articleId=USN1758304520080317
I'm shorting tomorrow if we get another 300+ day like last week. Lower interest rates just prolongs the even bigger mess...credit cards.
I am guessing they will only cut 75bp and we will get +150 pts on the dow. if they go for 100bp: +300 pts easy