Hey samsara, i doubt if we will see any more rate cuts anytime....definitely in the next month's meeting IMO. half a precentage cut is more than what the big financial instituations were hoping for to ge themselves rescued from subprime and credit crunch fiasco. bears had a pretty decent run over the summer so i can see bulls now using the same rhetoric as you mention above to continue this rally....heck i could actually use a little bullish outlook to gain back some of my profits i had to give the last few weeks. but i think fed will leave the rate unchanged for some time now and weigh in on the impact of their latest decision before they make their next move.