Nikkei Opens Higher On Wednesday

Asian markets don't always follow the Wall Street lead, but today they will. With the Fed cutting rates to a hair width, investors are feasting.

One small point of interest - the S&P 500 reached an all time high of approximately 1600 in the Fall of 2007. Ten year earlier, and the salient word is ten, the S&P hit its at that time all time high of 900 in 1997. Eleven year later the S&P closed, today, at 913.

This could be a very long recovery.

Reuters: Nikkei rises 1.1 percent on Fed rate cut

The Nikkei average rose 1.1 percent on Wednesday, with banking stocks among the biggest gainers after the U.S. Federal Reserve slashed borrowing costs to a record low...