BE CAREFUL WHAT YOU WISH FOR
Investors are calling on Ben Bernanke to cut interest rates at The Fed's next meeting on September 18th in order to save the bull market. However, they should be careful what they wish for. History shows that rate cuts actually are not good for stocks because they are indicative of a weak economy and profits.
Jeff Macke says it’s foolish to think a rate cut is a panacea. He doesn’t think The Fed can solve the credit crunch problem quickly or easily.