To Ben Or Not To Ben?

Merrill Lynch & Co., the world's largest brokerage, on Thursday posted a fourth-quarter loss of nearly $10 billion after writing down some $14.6 billion worth of investments and trades slammed by the ongoing credit crisis.

If Ben were to cut 50 basis it might be too little too late, if 100 basis it might send the wrong signal. Market has priced in a 75 basis cut from Ben.

I feel that we are not done with this "correction" Some say today might be a suckers rally (I belong to that Camp) some say this rebound is going to be the start of a reversal.

Only time will tell :)