The rate cut is probably already priced into the market. Announcing the actual cut is just a PR move. It doesn't effect the power investors.
I think 50 basis points was the consensus, 75 basis points seemed drastic. Sometimes too much of a "good" thing may not turn up to be good. I guess too drastic a cut unnerve the already nervous investors and may have a counter productive effect.
Ben Bernanke, FED Chairman, is disappointed that inflation is not able to save the day. Now all of his academic work at Princeton has been for naught.
That guy's sure took over a toaster seat from Greenspan. Hope he won't lose whatever hair he had left