Yes the .75 pts cut was not expected.

Yes the market liked it today..probably tomorrow 

Will mtg rates and other credit rates  also go down..WHO knows..I wouldn't bet on it

 

 But the DOW stopped right at the DOW 9,000 resistance.. So tomorrow  will be interesting. The close Friday will be interesting.will DOW close up for the Week?

 

The Rate cut to .25% ..YOU need to think about it.. On surface iut sounds GREAT..but IF market and Econ continue Bad..The FED is  NOW in a BOX..FED is up against the WALL..they can only cut to Zero..another .25%..they can (being at .25) cut less ..like .05  .01 ..015 etc ..

But They are NOW Out of Ammo..the Missiles have ALL been Fired but One..

NOW the only thing a NEW Fed Guy  (OBAMA's pick) has is 25%..he only thing They can DO if Econ Fails is NOW PRINT $$$$..Throw  MORE and MORE  printed $$$ at the Problem.and Pray it works..If it doesn't we end up lie Germany,ITALY ect.. The Fed owuld be bankrupt (but mask it by Printing the  Deflated $$$..

Also that strategy  = Huge Inflation and decline $$.

GOLD is already signaling that..and OIL Soon Will. Start another run..

To sum things up..ALL of the bets are now on the Table and the dice is Being thrown..Better Pray for a 7 or 11