The Fed cut, but Europe didn't. Japan was up 2%, China 3% and Hong Kong 10%. Europe opened higher. The DAX, CAC and FTSE all opened up 100, but are now down 3%, 2% and 2%. Asia goes up on a relief rally that maybe the Fed belatedly gets it, while the bankers in Europe still have a lesson to learn.
And they'll learn it the hard way.
You can't put the recession genie back in the bottle with rate cuts that are too late.
But with the futures showing the NAZ down 50, the Dow down 188, and the S&P 500 down 27, you buy em here for a trade.
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