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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (107391)6/7/2001 6:23:33 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
note: Alan Newman's studies suggest that a FIFTH rate cut has no positive medium term impact on the market. one should sell the bounce that follows the fifth cut. apparently the demarcation between 'rate cuts are good for stocks' and 'the economy is so weak we should sell them anyway' is reached with the fifth cut. only prominent exception: '82. but that was at the end of a 14 year secular bear market...hardly where we are now.
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