Go for it - every investment I have will rise in share price back to where to was
Historically the market downturn comes after the Fed starts cutting rates (because they wait too long) and they basically follow the 2 year rate because the market knows more then the economists when it is time to do something.
2 year maxed at 5.05 (below current fed rate) in Sept of last year. Fell, then popped up again maxing at 4.82 in May, been heading down ever since. End of last week was the market telling the Fed they are waiting too long and by the time they get around to a cut the economy will already be in the sh&&ter...which is what the unemployment numbers are starting to say as well.
I was thinking earlier in the week that they may hold off again depending on the PPI/CPI coming up in 2 weeks...now I’m thinking they may cut 50 basis points instead of 25. 2 year is at 3.87 and the Fed at 5.33...too much of a gap. They need to listen to the market here.
They got burned in the 70s by cutting too soon and now all of them are overly cautious like a dog that’s been beaten.