[OldFriend]

If I am not mistaken, money market managers invest in equities........which would be a good thing, no?

[Doctor Stochastic]

The DJI seems to have dropped about 80 points after the cut. Probably not related unless there's suspicion (as suggested by varioius Radio Stock Analysists) that the FED is really worried.

[TopQuark]

Most of these are inter-bank debt notes, with maturities of 30 to 90 days, but many with 6 months as well. When the Fed drop rates, the interest on these notes decreases, so the MM funds ge less revenue. Consequently, they pay less interest on deposits as well.

[On the Road to Serfdom]

If I am not mistaken, money market managers invest in equities

I think you are mistaken.