Stock Market’s Silly Rate Cut Rally Could Easily End in S&P 500 Implosion

  By CCN: The stock market has officially exited its mid-year slump. The Dow Jones surged more than 500 points on Tuesday. It added more than 200 points to the tally today. The S&P 500, meanwhile, has climbed nearly four percent from its recent low. This massive reversal in sentiment came about as the Fed has reversed course and now looks set to cut interest rates. But that’s hardly an all-clear sign for the stock market. Past Rate Cuts Often Preceded Market Wipeouts Rate cuts hav