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The Path to the Pegasus Letter: Strong finish for U.S. Markets on Friday…but do not be fooled

By Apollo 254 days ago from http://vigltd.blogspot.com

Thursday saw a sharp rally on Wall Street but the rally had a bearish touch to it while all economic reports released pointed towards a (severe) recession. False hopes, expectations and ignorance will not solve the problems the economy faces.

The majority hopes that the rate-cuts will have the positive economic impact that would support a second-half recovery but that strategy may severely back-fire as the rate-cuts will have the opposite impact on the economy as currently assumed.

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Tags: global equity markets investments bear market bull rally inflation recession bernanke fed ecb boe


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