> CNBC is not trustworthy they been pushing for a market collapse since the start of this. <
CNBC is reporting a possible interest rate cut. An interest rate cut is usually a good thing for the stock market. Bonds become less attractive and stocks become more attractive.
But with the coronavirus thing afoot, conventional wisdom might mean nothing.
Responsible interest rate cuts can be good for the economy. But we’ve gone to that well too many times. Does anybody remember Japan in the 90’s? If we keep rates this low, we won’t have anything when we really need it.