What's in store tomorrow for the market with the Fed expected to lower interest rates?

I can't see a rally happening as the Fed will then almost be out of ammunition to help the economy. Most are expecting a 50 basis point reduction in rates. That will leave them with only 50 basis point reduction one other time before the rates are at zero! Everyone will yawn after the announcement and the markets will go lower from where they are.

I have been watching the 3 Month LIBOR rate and it is lower than it has been in quite a while, now at $1.87%. CNBC commentator Matt Nesto said that playing the range is a good way to make money and he cited about a 20% range is possible and people are making money on these trades. I agree. But you have to be at your computer to play the most recent range as it is tighter than previous Market volatility.

So my choice is to keep my ETF Ultra Shorts for now. Today they had a positive gain as TZA was up over 9% and SDS was up 1.6%. Clearly TZA was the winner today.