Rates Down... Market... Where?

Well, the Federal Reserve lowered interest rates by 1/4 point this week. They also lowered the discount rate 1/4 point. But it doesn't take a technical analyst or a fundamental analyst or even a trained monkey to figure out the market didn't like it.

The Dow was down 300. The NASDAQ was down 70. Even the S&P dropped. Ouch!

But what caused it? There are many reasons. The country will now go into a recession. Bernake has no control over the Fed. Bernake has no idea how bad things are. Banks will go under. Consumers will spend less. Banks will horde cash.

So, what's the bottom line? Stay tuned to find out...