My Ben Bernanke Meter

Today I feel will be an extremely important make or break time for the Fed and the market overall. I believe the Fed is caught up in a no-win situation and the numbers that are released today are more psychological in nature than ever before. My personal opinion is that the Fed cuts by 0.25 vice 0.50 the market wants. First, the Fed just cut by 0.75, so a 0.25 cut would be a nice round 1.00 basis cut within the past two weeks. I think the Fed still needs to have somewhat of a "silver bullet" on its hip (some will argue this point) for more drastic moves in the market place and dropping rates just to drop rates lessens the impact overall. My thoughts are that a 0.25 rate cut = big drop for the week; 0.50 rate cut = flat/slightly up market for the week. One question a person could ask themselves: Did the Fed learn anything from the last time the market wanted/expected a 0.50 rate cut and the Fed did not deliver? Thoughts always welcome.