Tomorrow the Fed will cut .25 because, and this is important, everyone expects them to. I think they would rather not cut, because they see an inflationary picture, high oil, high gold, and strong employment, and no obvious slowdown in consumption. But the Fed game is about managing expectations, because surprise actually hurts the market more than the "wrong" decision. In this case, though, it's the right one. The inflationary picture only applies to rich people; to the others, the picture is recessionary: they're living on credit. Or off their house's value, which turns out is made of gingerbread.
If you want the next investable tip, it's Vegas: put money down on a Republican President. Or, if I am wrong and they don't cut, double down on Clinton.
(Long GOOG, gold, oil; still short Iran, and about to cover on Angelina Jolie.)