Rate Cut Reactions
So I'll actually be brief with my reaction since the main reason I'm posting this is to get the thoughts from the smart Fools reading my blog.
Anyway, we're looking at a 50 bps rate cut and a huge jump in all the indices. Is a 50 bps cut really good news? Or does this signal that the Fed thinks things really have gotten worrisome? I tend to think the latter.
So what say ye Fools?