[palmer]

There's definitely been an overextended rally, October was the biggest monthly increase since Jan 87. That rally may burn off into new lows before the end of the year. Or it may catch its breath and keep going up. But I don't believe it's more than a bear market rally because the market excesses of the 90's have not been fully corrected.

[Doctor Stochastic]

Small jump upwards since I last looked. Not much effect from the cut; probably already factored in.