So the Fed cut to zee roe point two five and the stock market took off. Who knows if it will last?
I want to point out something I wrote here yesterday. No, I am no genius but with the market shrugging off all sorts of bad news over the past week it was not really a surpriose to see a big old rally today - again, if it lasts as I am writing this at 2:50 NYT.
From yesterday's post:
"My feeling is that I want to be ready when this market surprises the heck out of us with another monster rally. That's a lot better than throwing a shoe at it as I chase it higher."
I think surprises will now come to the upside. How much worse can the news get? Barring - heaven forbid - an attack on our soil or major global leaders.