tell me,why should it be obvious to everybody? I suppose you in are the camp that believes that will be Bullish for the markets. But let me not be the one who puts words in your mouth. If the Fed believes that by cutting rates here will have a productive effect on the economy than the question that begs to be answered is how bad are things out there. Most of the economic news released late this week was not bullish but the market saw fit to see it otherwise. The crowd sees a rate cut coming,but my eyes must need glasses.