The last thing the Federal Reserve should do now is rescue the stock market or the economy by cutting interest rates. It's rate cuts of the past that have left both the stock market and the economy so vulnerable in the present. It's much better to swallow some very bitter tasting medicine.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)