That is true, but the intereste rate that was lowered was the fed overnight rate, which banks borrow from the fed. That is an indication that a bank is in trouble when thay have to borrow from the Fed. The Fed rate, the rate which banks charge each other remained the same, 5.25%. When you hear about the fed raising or lowering rates, they are talking about the fed rate, which remained unchanged. This rate change will not have a big impact on the market. This change is indicating that there may be a future fed rate decrease. Some are thinking by the end of the year, and some are thinking that it will hold steady, but a rate increase is not expected for now. We will just wait and see the numbers to see what inflation is doing.

I agree with you though, BUY BUY BUY (good stocks though)