Meanwhile Mr Bernanke hinted that rates may be cut as the Fed seeks to "promote general financial stability". Related losses had exceeded "the most pessimistic of projections", he said. The word "pessimistic" should not be used during a bull market.
This man says there will NOT be a rate cut, and that the stock market will react positively to it, and end the year at all-time highs: http://www.smartmoney.com/aheadofthecurve/index.cfm?story=20070831 Not sure I believe that.