By Richard E Walrath

Hind-sight is a wonderful thing.  It looks like the Fed has fallen behind the curve.  Look for a rate cut very soon–maybe even before they meet on September 18. 

The jobs report is bad enough to give them cover for a cut. It looks like a recession is on the way.  Dow down 250 points on Friday.

The sixth anniversary of 911 comes on a Tuesday this year, same as the original event.  That may affect when Bernanke
makes the rate cut. 

What he doesn’t want to do is cut Monday and see the market go down another 250 points.  My guess is that he doesn’t announce the cut on Monday.