When stock market is already at historically high level, a rate cut is not bullish.
Buffett indicator is at 200% - which has NEVER happened before in history
$Warren Buffett Portfolio (LIST2999.US)$ $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ $Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$
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Some famous words of Buffett. I hope it's useful to you. : )
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股海踏浪 : No matter how Wall Street tricks, resolutely take a bearish view, refuse to be a 'leek'. Play dumb with a small position to accompany Wall Street.