Posts Tagged ‘bizarro world’
Global Coordinated Rate Cut and Futures Selloff
In this bizarro world, there was a coordinated global rate cut of a 1/2 point this morning. The futures were up and have sold off. European markets went negative after the news. Nikkei dropped 9.4% overnight the worst selloff since 1987. If yesterday wasn’t capitulation, today is probably going to be. It flat out sucks …
