Stocks plunge after Fed cuts rates for first time since 2008—here's what experts are saying

Stocks plunge after Fed cuts rates for first time since 2008—here's what experts are saying (via TradingNation)

Some market watchers say it's a turning point, one that could alter the layout of U.S. and global markets moving forward.Josh Brown, CEO of Ritholtz Wealth Management, told investors to "relax," referencing a moment over two decades ago that reminded him of this one:Dow Jones Industrial Average

Jefferies chief market strategist David Zervos — who is also chief investment officer of the global macro division of Jefferies Investment Advisors — cut Powell some slack: Art Cashin, managing director of UBS Financial Services and director of floor operations for financial services at the New York Stock Exchange, got the pulse of traders on the floor:

Speaking before Powell's news conference, David Kelly, chief global strategist and head of the global markets insights strategy team at J.P. Morgan Asset Management, questioned how much a 25-basis-point rate cut would really do:

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