I can't complain that the market drop stopped, but seriously, is a rate drop enough to solve the other systemic problems?
Here is San Diego they just announced that house forclosures were up 353% in 2007. No that's not a typo on my part. 353% The level is higher than any year since '92 (which is as far back the graph went).
Now certainly an interest rate drop will help anyone stuck with an adjustable. It may really help, but it simply doesn't solve the high oil prices. It doesn;t end the shift of jobs off-shore. It doesn't eliminate the federal debt or the growing deficits. I hope it holds. But, I'd bet against it.