Yes US is already in recession. Jobs have evaporated. Houses are on sale literally in every street. In some parts of the country(US) house prices are slashed by more than a half. People are walking away from their homes letting it go in to foreclosure and declaring bankruptcy at will. The FED rate cut will help and should help US economy and only US economy. Generally India people are the most greediest and that includes me. If you enter the stock market then book profits time to time and don't hold it to get 1000% return in one year. If you do so then only god can save you. In any market a 20% appreciation is more than enough to book profits. Remember one thing that getting things done in India is not really a walk in the park. Several companies have taken some big steps have unveiled several big project plans. Execution is very critical and failing to do so will spell doom for these companies. So be very careful and book profits with less greed.
