fundamental issue with fed cut....
allright, the fed comes to the rescue and throws us a life preserver...
we had our first, give us another, and maybe we change the course. We have contending issues with earnings,,,however, gotta recognize the fact that maybe the rate hikes were a cause, maybe conflicting internaitonal issues which affected the earnings picture, competition, the deflated and damaging nature of the internet bubble, and lowering rates will easse the pressure and perhaps slow the downtrend, at least to find footing...give it a few months and the absorbing of adjusted earnings and we move forward....still, we will deal with warnings, but they wiull be adjusted downward for future, and we begin the cycle once more.
we've been concerned about the defensive issues at or near highs, maybe the rotation on as i saw the inidces in those areas red while the techs were grinch green.
my target of 2200 is there,,,the big boys outdid me and said 2250 was it...they win, and i hope I don't...
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