umm, well actually... http://www.elitetrader.com/vb/showthread.php?s=&threadid=99143&perpage=6&pagenumber=172 Rennick out
The Fed cuts have had no effect what so ever. The market is much lower than when the cuts began, and the reason is simply that the low rates, cheap dollar, increasing US debt, high commodity prices are all tied in together and part of the problem. Its not a problem we can fix by lower and lower rates. Go to zero, it still wont help, Japan tried it in the 90's too. Brandon
Average Japanese are saving as much as possible; and overinvest their income compare to most people in US.
Dow headed back to Jan lows around 11500-11750... recession is here and has been since november 2007, welcome the bear market as well.