Reported 15 days ago
Ed Yardeni, a Wall Street strategist, suggests that the Federal Reserve's recent half-point interest rate cut could significantly increase the likelihood of a sharp rise in U.S. stocks, reminiscent of the dot-com bubble. He believes the chances of a sustained bull market have risen to 80%, but warns that overheating the economy could lead to inflationary pressures. While stock indices have rebounded after a tough start to the month, Yardeni's optimism has slightly decreased, now estimating a 50% chance of a new 'Roaring ’20s' era in the markets.
Source: YAHOO