US Fed cuts interest rates by 75 basis points

The Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3½%.
The Committee took this action in view of a weakening of the economic outlook and increasing downside risks to growth. While strains in short-term funding markets have eased somewhat, broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households. Moreover, incoming information indicates a deepening of the housing contraction as well as some softening in labour markets.
The Committee expects inflation to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully.
Appreciable downside risks to growth remain. The Committee will continue to assess the effects of financial and other developments on economic prospects and will act in a timely manner as needed to address those risks.

I think for sure market will rebound some in next fews day, however, these Fed cuts still cannot solve the US problem yet. One, two day up but when once again big drop just consider buy.. I got plenty of bullets to go in market but dont catch the falling knife. Will wait and see..Wow..airasia drop till 1.44..mahsing drop back my buying price..