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 have a mixed track record of predicting stock market swings. Bulls can point to several
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