In an unusual move Bernanke bowed down and admitted Feds have to cut rates. The markets digested this with some skepticism. Saying rates will be cut and actually cutting them are two different things. But its sure helicopter Ben is ready to throw the towel after being behind the curve for a long time. One thing is certain, after all there won't be another recession in 2008. It must be very disappointing to GOLDMAN SACHS and short traders. With a Fed standing down and lowering rates there is no chance of having a recession whatsoever. I am really pleased at this announcement and I am going long.