Each of the major indexes gained around 2% Friday. This morning the Fed cut its discount rate to 5.75% from 6.25%, offering cash-strapped banks and lenders a safety valve. This may lead to a decrease in the funds rate, which would make borrowing cheaper and help stocks, but it can also fuel inflation. It was nice to see the market with a quality gain after seven straight days of finishing in the red. I'm hoping that this will stick, but only Monday will tell. DJIA +233.30 Nasdaq +53.96 S&P 500 +34.67