Still in Cash

I ran the ETF-Cashinator after todays Fed rate cut decision.   There are the usual opportunities but I’ll wait it out till options expiry.  I expect the market to surge further tomorrow or come back to reality suddenly.   The Fed rate decision really didn’t fix anything in my opinion.   People on the verge of foreclosure will still be foreclosed on; the Fed would need to lower rates down to 1% so people can refinance on ARMs to make things return to pre-bubble days and I don’t see that happening.  I am extremely tempted to pick up DOG or DXD but I’ll wait to either options expiry or End of Quarter.  The big ARM adjustments are suppose to happen in October 07 and March 08.
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