Bear market Rally.
I believe it will last a bit further though till it hits resistance levels and peters out on the next negative economic data or negative market catalyst. Till then I will ride it out and stay with the trend. I will short it when I see signs it is running out of steam. An object in motions stays in motion....blah blah blah.....don't fight the trend....blah blah blah.
oh yeah...almost forgot...to the op....you are out of your mind(or just have no clue whatsoever) if you think the fed is going to be cutting rates anytime soon. The economy would have to post some seriously negative gdp numbers for that to happen.
I believe it will last a bit further though till it hits resistance levels and peters out on the next negative economic data or negative market catalyst. Till then I will ride it out and stay with the trend. I will short it when I see signs it is running out of steam. An object in motions stays in motion....blah blah blah.....don't fight the trend....blah blah blah.
oh yeah...almost forgot...to the op....you are out of your mind(or just have no clue whatsoever) if you think the fed is going to be cutting rates anytime soon. The economy would have to post some seriously negative gdp numbers for that to happen.