An Emergency Rate Cut
My friend Joel (a.k.a. Mr. Volatility) is a trader. Last weekend, he predicted that the Fed would lower rates today (Monday 9/15) on an emergency basis. He was wrong on timing but it looks like it still might happen, albeit a day or two late.
He also predicts that a rally, if any, will be short-lived. That is truly scary.
Check out his blog: TradethePicture.com.