Any bets on the FOMC meeting tomorrow?
 

Pundits are all over the board on this one. I've read analysis arguing fervently for a 50 point cut and for no cut at all. Both sides are promising the end of the world as we know it if they are wrong. Any bets from the investing crowd here?

Dan

I bet they cut. Most bets are on .25 cut.

I wish they didn't cut at all. It's a very temp feel good fix imo.

I'm guessing 50 b.p. although anything >0 will help in the short term. . . and hurt in the long-term.

Yep, they should be raising rates.

Bernanke needs to show the world he's serious. I vote for a 475 basis point cut giving a new target rate of -0.25%.

Well, there it is. 25 points. Does that show the world that he's serious, or that he'll cave to the Street's pressure? Is this good news or bad news?

The cut shows they care. Unfortunately, there is no weapon to fix the credit issues. You can't force participants to absorb risk.

DJIA dropped almost 300 pts on the good news.

And Treasury prices went through the roof following the cut.

I think they only went .25 because they know there are only 4 more drops of water left in the canteen, with the end of this desert nowhere in site.

So they used one drop, leaving 3 left for later.

Of course, that drop isn't very satisfying, so the market went down 300.

And now there are only 3 drops left. With no end in site, and in fact the sun getting hotter.

seems like all talking heads are all over the map on the reasoning and affect of the cut?

One thing Kudlow did say is that the markets need Fed leadership and the Fed is not leading.