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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: DataBits who wrote (89961)4/12/2001 4:07:39 PM
From: ItsAllCyclical  Read Replies (2) of 95453
 
>> Metals are historical worst performer after FED's third rate cut. <<

They also cite the figure of the market gaining on average 25% after 3 rate cuts...but and it's a big one...both of those stats apply to all the rate cuts in the past 100 years vs the two periods that most resemble the current one...the 30's and the 72-74 bear market. In those periods the Fed rate cuts did not have the "typical" market response.
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