For the first time, you're seeing a rally where small caps are included as well.
More Quotes from Frank Gretz:
On the other hand, the market responded positively to the cut on Thursday.Frank Gretz
In the short term, there is really very little that I can see going wrong. Certainly, the market is extended. It's had a very big run and could come down for a week or two. We could have a correction, but you would almost have to put that in the category of a normal correction.
Frank Gretz
I don't want to rain on anyone's parade, but I'm a little doubtful. Most of the time when the Fed lowers rates it's good for the market. This time, the problem is related to the global economy.
Frank Gretz
Everyone is waiting for the war on the belief that once it starts, stocks are going to shoot up, but there's a danger in betting with everyone else.
Frank Gretz
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