Tomorrow is what dreams are made of. Will the Fed cut rates by a half or will they cut by a quarter? Truthfully, the pit traders I speak to want a half and most are anticipating a half. To them a half means no more rate cuts in the future and then we can begin to price in rate increases. If we get a quarter or a half, there are no rate rises to be priced in for years to come. There is an election next year. You do not raise interest rates before an election. The Democrats will be all over a rate increase. Look for a 1/4 this time around with more to follow in the fall.