And turning in and turning around
--The Vapors
After last night's ~ 4% giveback, the Nikkei is now more than 15% off its highs from only two weeks ago. We are also now approaching a 38% retracement of the move from November.
Whether Japanese stocks find support here remains to be seen.
position in SPX
Admiral Isoroku Yamamoto: I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve.
ReplyDelete~Tora, Tora, Tora, 1970