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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Terry Whitman who wrote (15207)8/15/2001 3:52:57 PM
From: TechTrader42  Read Replies (1) of 52237
 
"there's only 2 times this century where that amount of cuts failed to produce a big rally."

That's it in a nutshell, isn't it? That's probably the source of most of the complacency, the view that rate cuts will be the panacea. Valuations and the clouded economic outlook don't matter; rate cuts will do the trick. And yet after the such a bubble in stock market prices (with valuations still high), there's a distinct possibility that they won't.
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