I think you're going to see more people hit the panic button than not. Everyone here especially is all scared. I heard it all yesterday at work at how Alberta is going to be a ghost town blah blah blah. Idiots.
The thing about the rate being cut, is eventually there's only one other direction it can go. That's what I think has more people worried (in the long term).
"There's never enough time to do it right, but there's always enough time to do it twice."