As long as short-term interest rates stay close to current levels or move lower, the odds favor rising equity prices.
Some sectors, however, will be much stronger than others during this time.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio on http://www.peterdag.com/
Since 1977
1 comment:
The Fed cutting interest rates made no difference from 2000-02. If the Fed cuts here, the dollar will tank and oil and gold will likely soar. Frankly, I think the Fed's hands are tied. The inflation in the economy (now BLAMED on globalization) is too persistent. Cuts will only come if housing becomes a disaster such that the consumers willingness to keep spending is affected. Not a good scenario for the stock market.
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