I agree. A rate cut most probably will be a non-event at this point. But something will spark a rally. Some exiginous even either contrived or accidental. US govt wont allow the markets to crap out much further. At worse they can find a way to give us that 6-8 week rally, a respite thru christmas perhaps. I will be damned if i know how it will happen. We cant go down 200 points per day forever. marv
Right now, I would think a rate cut could give us another one or two day wonder rally then down to new lows. A rate cut will certainly not cure what ails the economy, but it would hurt the dollar and probably spook the market after a quick rally.
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