NOOOOOOOOOOOOO!!!!! NO CUT!!! Fed makes an 'emergency' rate cut!

NO!!! Remember my dire prediction? See below. If the Fed (Bernanke) makes a rate cut, we will be headed for a recession. Well, he did, and we are. [insert curse word here] We should just all make aliyah.

Fed Makes Emergency Cut [subs. req'd]

The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut the federal-funds rate by three-quarters of a percentage point to 3.5%.

The Fed should have just wait it out. Yes, the stock market will go down. But it would have come right back once people realize there is no reason to panic and the US economy.

NOW IS THE TIME TO PANIC!! AAAIIIIIYYYYYYYEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!