Has the market priced in a 1/4 pt cut or a 1/2 pt cut?

The real key is the IB/broker earnings. Lehman reports before open Tues, Bear and Goldman on Thurs. CR’s reporting of apparently broken deals may be of some concern as well.

Oh, and there can always be those crazy out-of-the-blue events. Wow, that was quick.

It’s going to be an interesting week, that’s for sure. I wouldn’t be surprised if the market finished above 13,650, and I wouldn’t be surprised if it finished below in the 12,900-13,000 range.