For general discussion and debate. Possible talking point: Fed cuts funds rate 3/4, markets ready to plunge again.
On Saturday, NewsBusters addressed the break of the five-year bull market trendline. While America observed Martin Luther King, Jr., yesterday, stocks across the globe plummeted.
Despite the Fed's action, markets are opening broadly lower this morning.
With all this in mind, is the current stock behavior a repeat of 1987, vis a vis a market event predicting a recession that isn't going to happen? Or, are the markets right this time, and this economy is in big trouble?
