Rates Cut = Good news??
This week is basically manipulation in small volumes. Most fund houses already closed their books for the holidays. Jobless claims had started to climb, and may see more job losses next year if trend continue. Now if FED do cut rates early, it won't be because its boom town Charlie, it's likely due to deteriorating economic conditions. By then, really, bad news would be bad news. This is my personal opinion, but unless market goes for a good pullback to cooldown the indicators, we will be heading towards a bubble bursting reckoning next year.
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razo2 : is a mechanical market the past 2 weeks. options is driving the market now.