, Columnist
Watch the Data Before Falling Too Hard for This Rally
The Fed thinks forward guidance is too risky and is vowing to be led by information as it develops. Investors should treat this bear-market surge the same way.
Pedestrians outside the New York Stock Exchange.
Photographer: Jonathan Alpeyrie/BloombergThis article is for subscribers only.
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Necessity is the mother of invention, so they say. And in this case, stupidity is as well.