From Philadelphia Inquirer, This bear market not that grisly yet
“To appreciate the speed of the declines in the markets, the Dow ended trading on Sept. 12, just 17 trading days ago, at 11,421.99. That span …

Brazil’s Bovespa has joined the US and UK as bear markets. The benchmark has declined 21% since the May high of 73,516.

The FTSE 100 is close to joining its US counterparts by being in an “official” bear market. Today’s intraday low of 5,358.50 placed it within 4 points of the 5384 level that defines a bear market.

So, the fed cut again.  The .75 point reduction was less than the full point expected by most of Wall Street. 
Personally, I believe the fed will continue to cut until the lending rate is zero, like Japan did in the …