<< Either way, the anticipated rate cut may already be figured into the market, and it may decline Tuesday anyway. >>
My view is that the movers & shakers want the market to rally. With that as my presumption I believe then that the market has priced in no rate increase. If the Fed eases we rally because they did the unexpected. If they don't ease we rally because ... the envelope please ... the world economic picture has improved to the point where NO RATE CUT WAS NECESSARY.