Greenspan's New Year surprise gift

Alan Greenspan's move to reduce interest rates caught more than a few off guard as most were still recovering from the introduction of the real millennium year. The hazy first week back to work sent many scurrying as the US market, followed by the FTSE, rose dramatically on the back of the 0.5% US interest rate cut. The timing is interesting as Bloomberg columnist Mark Gilbert points out in this week's Investment Week. Gilbert notes that recent key cuts in interest rates outside the time in which the Fed officially meets, have only been following serious market concerns such as the Octob...