Don't you think the markets will decline until Ben and the Fed cut by at least a half a point at the next meeting whether called an emergency meeting or the next regularly scheduled Fed meeting?
The timing of the Fed announcing a bias towards fighting inflation then BNP's announcement can be interpreted as the best short to possibly mid term opportunity to short the markets with no risk until the Fed cuts by at least a half a point. The idea people will actually think there is anything constructive you can do about this bubble besides cutting interest rates consistently over the next two years is 'thinking straight in a crooked world'
