Last Friday and this Monday had an awful lot in common. In each case, the prices absolutely plunged pre-market, and then for no particularly good reason, they rallied monstrously all day long. Apparently Monday’s reason was a bunch of Fed speakers who said interest rates wouldn’t go up anymore. History has shown that the MOST vicious bear markets are when the Fed enters a rate-slashing cycle, so I’m not sure why everyone’s got a woody over this, bu Zerohedge (AKA Goldman Sachs’ mouthpiece) sure is giddy at the prospect of a (ha!) new bull market.
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