Bernanke says BAM!

Wow, guess that "R" word is coming closer... like a freight train more or less. In case you missed it, the Fed lowered short-term rates by an unprecedented 3/4 point this morning. Not only that, they did it well before their scheduled meeting on 1/30 (where most expected that they'd drop it a half point anyway). So what does this mean? I'd say they are trying to stop the bleeding and give Wall Street some good news (esp. since the Dow 'futures' was showing about a 500-600 point drop--BEFORE the markets opened! So I guess that's why Ben and the boys did an Emeril and said BAM! How 'bout those rates? Again, we'll see what happens now!