Blinded by the Light

As everyone knew and predicted, the Fed cut interest rates. Now its down to 2.25%.

Also as anyone predicted and knew, the stock market responded with enticing gains for Tuesday. Investors like that optimistic stuff, and they respond with - investing.

Now watch how the stock market responds on Wednesday. Will this good news keep revolving and generating. Hardly.

BBC: Federal Reserve slashes US rates

The Federal Reserve has cut US interest rates sharply in an attempt to restore confidence to nervous financial markets and boost the ailing economy.

Oh happy day - now there will be no more housing foreclosures, unemployment will disappear, inflation will be without relevance, and American productivity will increase - the recession is over!