I don't want to rain on anyone's parade, but I'm a little doubtful. Most of the time when the Fed lowers rates it's good for the market. This time, the problem is related to the global economy.

308

For the first time, you're seeing a rally where small caps are included as well.

306

Everyone is waiting for the war on the belief that once it starts, stocks are going to shoot up, but there's a danger in betting with everyone else.

195

On the other hand, the market responded positively to the cut on Thursday.

188

The rally is too strong to evaporate.

180

In the short term, there is really very little that I can see going wrong. Certainly, the market is extended. It's had a very big run and could come down for a week or two. We could have a correction, but you would almost have to put that in the category of a normal correction.

178

You've got to break out of this downward trend to get higher. Sometimes, in order to do that, you've got to sell off a lot more first. We're just dribbling right now, but there's the potential to go a lot lower.

150

I still think there might be damage in some of these tech stocks, so I'd be a little careful there.

136