The FED must act before market opening tomorrow. A 500-600 gap lower opening is going to freak people the fuck out. They won't be thinking about value, they'll be in full on protection mode. Could easily see a 1,000 point down day without action.
I think it is highly probable that we get a 50 cut pre-market, followed with another 50 on the meeting. In-action tomorrow is not an option.