Shark, here’s a rundown of “1st Discount Rate Cuts” of the past 87 years:
(from a December Investech newsletter)
Gould goes with the second cut, as I recall.
Max % Gain/Loss
0 – 3 month 3 – 6 month
Dec 18, 1914 6 / -4 30 / 0
May 5, 1921 0/ -19 0 / -20
May 1, 1924 11/-4 15 / 0
Apr 23, 1926 12 / -4 17 / 0
Aug 5, 1927 9 / -3 11 / 0
Nov 4, 1929 4 / -23 14 / 0
Feb 26, 1932 8 / -42 0 / -50
Apr 7, 1933 79 / 0 85 / 0
Feb 5, 1954 9 / -2 19 / 0
Nov 15, 1957 4 / -3 6 / -1
Jun 10, 1960 0 / -8 0 / -14
Apr 7, 1967 7 / -1 11 / 0
Aug 30, 1968 10 / 0 10 / 0
Nov 13, 1970 17 / -1 25 / 0
Nov 19, 1971 14 / -2 20 / 0
Dec 9, 1974 34 / 0 48 / 0
May 28, 1980 12 / -2 16 / 0
Nov 2, 1981 3 / -3 0 / -8
Nov 21, 1984 8 / -3 9 / 0
Dec 19, 1990 13 / -6 16 / 0
Jan 31, 1996 6 / 0 7 / -1
Oct 15, 1998 16 / 0 26 / 0 |
