Ongoing economic meltdown

I'm not sure why the stock market would go up when the Federal Reserve cuts interest rates to zero.  To me, this is a sign that the economy is about as bad as it can get and the government is out of answers.  I take this is further evidence that stock markets are not rational, at least in the short term.

But don't just take my word for it.   Paul Krugman, economist and recent Nobel laureate says, "Seriously, we are in very deep trouble."