But to truly cement a longer-term turnaround and not just a knee-jerk reaction, the market also wants to see is better earnings reports from the bellwethers such as IBM and Microsoft. So until we see signs that companies are performing better, the Fed's moves might not have their desired affect.
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Dhaliwal is president and chief market strategist of Kirn Dhaliwal Associates. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. At time of publication, neither Dhaliwal nor Kirn Dhaliwal Associates held positions in any securities mentioned in this column, although holdings can change at any time. While Dhaliwal cannot provide investment advice or recommendations, he invites
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