Quote from detective:
I think the market would have rallied even with just a 25 bp cut, instead of the 50 bp. With the 50 bp cut, its just going to make the top come that much faster.
The 25 bp cut really would haveripped the hearts out of the bears because the bulls would have conserved much of their firepower and steadily worn out the bears for the remainder of the year
Now that the bulls are steaming ahead and using up all their bp, its going to be downhill after Bernanke tries to cause one more short squeeze on Halloween.