THE SUGAR RUSH that the Federal Reserve gave the stock market with a larger-than-expected interest rate cut surely has gone to investors' heads. It's time for a reality check.Share purchasers seem to be betting that most of the bad news regarding the credit and housing crises is already out and better times are ahead-even though there is very little evidence pointing that way.
October 09, 2007 at 12:00 AM
1 minute read
THE SUGAR RUSH that the Federal Reserve gave the stock market with a larger-than-expected interest rate cut surely has gone to investors’ heads. It’s time for a reality check.
Share purchasers seem to be betting that most of the bad news regarding the credit and housing crises is already out and better times are ahead-even though there is very little evidence pointing that way.
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