Only time will tell

The increasing rumors of the Federal Reserve rate cut helped push stocks higher. The major indexes gained more than 1% each, led by the Nasdaq at 1.25%. So far, the Fed cutting the discount rate last week has looked to be very helpful. Has this move instilled confidence back into the markets? I think it is to early to say for sure. . . DJIA +145.27 Nasdaq +31.50 S&P 500 +16.95