The rumor on the street for gambling again

Let's see what it is, however we should remain cautious.
“Investors shrugged off a profit warning from Citigroup and instead focused on the possibility of more Fed rate cuts,” reads the first sentence of CNN’s report. Oh boy… that’s bad. The rates are being cut for a reason. And it’s not because Bernanke wants your 401(k) to return 20% this year.

we remind you: The Fed’s last rate-cutting spree began with a surprise cut on Jan. 3, 2001. The next day, stocks surged, just as they did last month. By the end of January, the buzz wore off and the Fed cut by 50 bps again… and stocks surged yet again. Less than two months later, the Dow lost 10%.