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To: chartseer who wrote (27751)1/3/2001 6:39:36 PM
From: DanZ  Read Replies (2) | Respond to of 53068
 
I posted this the last time that the Fed started cutting rates a few years ago. It's quite simple.

Don't fight the Fed.

The market rallied from that day and never looked back. Generally the Fed makes more than one move in a particular direction. They raised rates too much and should begin a series of rate cuts. The market has bottomed IMO.

Don't fight the Fed. I believe that the market will climb a wall of worry as sentiment slowly changes and people get overexuberant again.

Dan