Posts Tagged ‘bizarro world’


Posted by StockRake on October 8, 2008 in Leveraged ETFs, Leveraged Funds, Market Comments

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 …

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