Recession fighting Fed cuts by 50 bp

With volatility levels so high, this SAR opportunity does not make much sense, I'll wait for this upthrust to end before taking any action. But for the moment the markets like the cut, and since it is the end of the month, why not pump in some window-dressing and get a few bears to run for the exit doors? January is on average one of the most positive months, but not this time! How far will this rally go? From Bloomberg.com: "The Federal Reserve lowered its benchmark interest rate by half a percentage point to 3 percent, the second cut in as many weeks, to prevent the U.S. economy from sinking into a recession."