I just don't understand why suddenly you sound so apocalyptic. Yesterday was a Fed day, and trading during these days is a very poor indicator of future market direction. CBOE EPC for the last hour and a half was >1. That's pukage that should be bought.
Concerning rate cuts, 0.5% cut would mean a pause in January; now they'll do another 0.25% at the next meeting. What's the big deal?
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