Fed cut, where we are at and why someone made a ton of money yesterday

Well, I got what I wanted only I wasn't around for the good stuff. I was contemplating buying several options yesterday for sept, which would have been super cheap and i would have made tons of money. However, I did not. I went out for lunch and then had a meeting and was back at the computer at 2:45pm after all the fun had been had. O well, at least the portfolio went up. For instance, you could have bought GE 40 calls for sept, for 25 dollars and cashed in at days end for 175.

I'm not quite sure where to invest after the rate cut. Everything is up...at prices that we look at and don't think are cheap. I've got a lot of thinking to do...