Green span had warned yesterday not to cut rates 50 basis, It is interesting how bernanke is handling the situation. There have been lot of research showing that fed had tighten too much in the past and that led to recession. But on the other side of the tightening was the ability of Greenspan or fed to burst bubbles ' like the ones in tech stocks. This loosening may not burst the housing bubble. The housing market needs atleast 10% price reduction to qualify as a correction , i am not sure if that will be achieved soon. We might have to deal with this problem again. But again this is deviation from the Green Span era. It's interesting. Yes there will be easy money days as a trader like the one today if you are in tuned but this is once in a blue moon day. It should not be taken as a time to jump.