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1000 point drop, and maybe you're right, it just might be done. You have no basis for what you are saying. A ratecut would mean we're headed lower, because, it indicates our economy is headed for harder times.
Just the rumor of a rate cut is driving the markets up.Imagine what a actual rate cut will do.You can analyze the impacts on the economy to death, but it is the perception of the majority that counts.
Buy on the rumour, sell on the fact, and if it's not true? sell anyway, but maybe not as much!