Major Stock Market Bottoms Rarely Look Like This
Bloomberg Businessweek
00:00
What's the Fed Up To?
A major bottom is the lowest price point a versus all the closing prices of the previous year and for the ensuing year. And i guess, surprisingly, most of these bottoms have formed when interest rates are coming lower. On 14 of the prior occasions, either the fed has already been cutting, or a bonyields have been moving lower. So you'd have to say that right now the fat is a little too aggressive a to be consistent with tha stomp market low, at least based on the last 70 years of history since the middle o the eisenhouer administration.
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