I'm afraid of what the market reaction would be, though.
But I think the actual market reaction would be different.
Initial market reaction to the passage of the tax bill was negative.
But several analysts suggested that the market reaction was not justified by the company's growth.
Because these charges were expected, the market reaction was muted.
In turn, the market reaction may indeed persuade the Fed not to raise rates.
The initial market reaction to a war might approach panic, however.
Once we reach that level, a market reaction is likely - late this month or early in March.
And that, judging by yesterday's market reaction, will be a challenge.
The third cut, a month later, produced little market reaction.