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Six months after the first rate cut
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This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by trent 302 days ago (money.cnn.com).
Views: 119 |
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Since the first rate cut on Sept. 18 of last year, through Monday's close, the S&P 500 is down 16.2%. That makes this the worst performance for the market following a series of rate cuts since the 1950s, according to Standard & Poor's research
Since the first rate cut last year, through Monday's close, the Nasdaq is down 18.2%. That's the worst response since the 1990-1991 recession, when six months after the first rate cut, the Nasdaq was down 22.6%
Since the first rate cut last year, through Monday's close, the Dow is down 14.6%. That's the worst response since 1932, when the Dow had posted a loss of 37.5% at the six-month mark.
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