Fed throws the brakes on December rally

Did anyone jump off this cliff today? I'm sure most investors sure felt like it. Looks like some nice jagged rocks on the bottom to ease the decent as well. Well, after a nice 300 point free fall into the red abyss, I do as most investors do after the heart rate returns to normal: Put things in perspective. No the Fed did not make us feel nice and warm and feeling good about our economy leading into the holiday season. What the Fed did do however was gift wrap a big buying opportunity for the smart investor who realized a half percent rate cut was not coming. The investor who took a little off the table and has a little cash on the side for such an opportunity just got Christmas a little early this year.