Risk: Why I Slept In This Morning

We're still red, and bad news is bad news.

Dear Fellow Expat:

It’s been a long week. Tack on last night’s NFL Debut and travel back from Washington D.C. I woke up at 7 and walked the dogs. Then I went back to bed.

Then I got up again at 9:15. With momentum RED, there’s no point in overreacting. The markets are dealing with the Japan Trade, the CD credit tsunami, and questions about the economy. Why test it?

Let's put it another way…

On Tuesday, it was China and oil. On Wednesday, it was Nvidia; on Thursday and Friday, it was jobs and the recession.

If interest rate cuts are so good for markets, why is no one acting like it?