BoE and ECB act … too late anyway?
The Bank of England reduced rates today by 150(!!!) bps … a RECORD CUT.
ECB and SNB did 50 bps …
In a non-concerted action … they are all THAT independent … 
Markets still sold off as it is regarded as hectic, too late (BoE) or NOT sufficient (ECB).
Anyway … as the crisis is far worse then STILL people can imagine …
Interest Rate Cuts do not help … just ask Japan 
The only good thing … as a trader … volatility helps you to correct trading mistakes
So at least ONE good thing …
Take care …
