It looks like there's a blowout in place you know and it often happens in markets every 10, 20, 30 years we have them we may be having one now. But I would buy Japan if this happened (tax cut), Japanese markets are down 50 percent from their all-time, high Chinese stocks are down 40 percent and I'd rather buy low instead of buying high.
Related trading instruments: SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Russell 2000 Index ETF (IWM)