Just a question to throw out there how does this rate cut repair the damage in the US economy? Or how does say a 1% cut repair the damage. The markets have flown up on the I see simply as hope. In 87 the markets rallied strongly in the face of higher rates untill the market simply imploded. Here we have the markets rising strongly in the face of record high oil, gold, food stuffs and a falling dollar. So while the situaion is different in that we are cutting here and they were raisiung then the underlying reason for the rise is the same which is unabilty and/or unwillingness to see what is coming it really is starting to resemble a casino with a guy down to his last $100 putting it all on black and closing his eyes.