A dis oonu fi chat bout- Mu glad bag buss

[Time]

Dow spikes 420 points on rate cut

Wall Street surges, with blue-chip indicator seeing its best day in 5-1/2 years as investors hail central bank decision to cut rates by 3/4 of a percentage point

[Islandman]

Mek Willi tell you bout that. Massive short covering by the hedge funds.More bad financial news to come. All the mortgage and derivative madness of the last 5 years cannot be unwound in 2 quarters.

Having said that, if you are investing for retirement or some other long term goal, stay the course.

[Willi]

Mek Willi tell you bout that. Massive short covering by the hedge funds.More bad financial news to come. All the mortgage and derivative madness of the last 5 years cannot be unwound in 2 quarters.

Having said that, if you are investing for retirement or some other long term goal, stay the course.

I mostly agree. However, I would adjust even LT portfolios into defensive positions!