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[Rogerdodger]

Mike Burk has some interesting stats on FED cuts and an interesting view:

In part:

"...Aside from the reactions that last for a few days following a change in rates the intermediate term effect of interest rate changes on equity prices, for the past 10 years, has been the opposite of what has become conventional wisdom. That is, for the past 10 years it has paid to fight the fed.

...Zweig's research was first published in the late 1960's prior to the closing of the gold window in 1973. The lack of intrinsic backing for the dollar has brought a degradation of monetary discipline and allowed the Fed to become preemptive rather than reactive."