China cuts rates......

My concerns about monetary stimulus following yesterday's trading may have been overblown, as the Chinese cut rates for the first time since 2008. The link to the Bloomberg article is below.

http://www.bloomberg.com/news/2012-06-07/asian-stocks-extend-rally-on-stimulus-optimism-oil-gains.html

S&P futures rally on the news. Have to see how the volume comes in on the market.