[arete]

Come on man, don't you know everything the Fed does is evil and is only done to suck the wealth out of this country.

Lowering rates could further weaken the dollar and foreign capital abandons US bond and stock markets and goes elsewhere. This is elementary.

Richard W.

[tcostell]

I don't want to get into a big argument Rich, but while you're right about the dollar, and the Treasury bond auctions, lowering of the target rate does not weaken the stock market. The stock market may be weakened by the same causes that inspire the lowering of the fed target rate, but there is no cause and effect between the actions of the fed and a lower stock market.

I know from previous posts that you are more than smart enough to know that, so if you were joking, ... sorry.