Sucker rally

摘要

The optimistic view of the economy, widely espoused on Wall Street, goes like this: The Nasdaq's January rebound is a harbinger of good economic news, and its February retreat is only temporary. Only the year's first half will be bad; a wonderful second half will follow. The Fed is easing, an early U.S. income tax cut is assured, energy prices will stabilize or fall, excess inventory will soon be liquidated, and a Nasdaq rally from bargain levels will restore consumer confidence and spending.