For fuck's sake, i've seen some crazy stuff over the past 8 years but this one takes the cake. Anyone who says Greenspan was a moron is simply incorrect. Greenspan knew what he was doing. But this time it's different. Bernake doesn't have all the angles on this. He's putting us into deep trouble with this move and all the idiots who've never seen through a recession wouldn't know one if it slapped them in a face. The dollar is CRUMBLING and now our foreign investors are sittin there up shit creek. Sooner or later the burden is going to be placed on our shoulders and we wont be in a position to handle it. From a technical standpoint we're bullish. (i've switched from bearish to bullish today as hard as it is to say and now am positioned for new highs). HOWEVER, from a fundamental standpoint we should not have cut rates plain and simple. I can't believe all of the guys on here saying the bears were wrong today. You guys certainly deserve what's coming to you. However in the meantime, enjoy your new highs in the market. The true test will come and you wont be prepared. Shorts know how to cover...but bulls will ride it down screaming the whole way.