The answer is fairly obvious from this article in the Wall Street Journal.
Lookahead: Gimme Gimme Gimme
Like a spoiled child awaiting holiday gifts, the stock market is stamping its proverbial foot and saying: "I want a rate cut, or else." The combination of slowing jobs growth, somewhat weakened retail sales, and continued credit and housing market distress, has investors clamoring for more assistance from the Federal Reserve.
And -- after this week's rally and September's indulgent 50-basis point move -- the market may even turn its nose up at a 25-basis point cut Tuesday when Fed policy makers meet.
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