More cheese

The Fed throws the bulls more cheese in the form of 0.75% rate cut. Nice one - but does this bring us back to 2003-2007 style rallies (persistent), or is it time to wait for the next Sell All Rallies opportunity? Volatility indexes collapsed spectacularly today, some more than 20% down. Put call ratios also came way down. I'll take a vacation until the bulls are done... "The Federal Reserve cut its main lending rate by three quarters of a percentage point to 2.25 percent as officials try to prop up the faltering economy and restore faith in the U.S. financial system." - Bloomberg.com