Your 100% right but that's the American way so why should things be different now. My girlfriend always criticizes my sex drive but I always remind her that if it weren't for men having strong sex drives most of us would not be here right now.
Fed would look more stupid than ever if they cut 1 week before the scheduled meeting, especially when Bernanke said he wanted to "improve transparency and communication aspects" of Fed policy.
What ever cut will come next, it will NOT change a thing. The market will go correct itself. All these cut will just temporary lift the market. So what would happen when they can cut no more? Cut to a negative rate? So people have to pay the US to own the dollars?
even if he cuts the rate 100bp what is that going to solve? maybe some dumbshit thinking all our problems are over. in a couple weeks the market will take out the low we make on tuesday. this problem will take a long time to unwind, just like gnome said. i think the FED. better save there bullets for the insurance co. defaults. another point is our dollar goes down it will cost consumers more to buy chinese products. this is a catch 22. THE FED AND GOV. AND GEORGE NEED TO KEEP THERE NOSE OUT OF THE MARKET, THEY (F) EVERYTHING UP. bgp