Whoosh: Nikkei Dives 2% In Early Going

The Business Insider ^ | 8-30-2010 | Joe Weisenthal

[blam]

Whoosh: Nikkei Dives 2% In Early Going

Joe Weisenthal
Aug. 30, 2010, 8:16 PM

This isn't a surprise. It rallied Monday, so the Nikkei obviously had some catch-up to play in Tuesday trading, following the harsh response to the BoJ and the US market dive.

Japan shares are down about 2% in the early going.

Quick! Someone start rumors of another BoJ meeting.

For a recap of Monday action in the US, see here.

Image: Nikkei.com

[snip]

[blam]

All the Asian markets are down and the Nikkei is down 2.27% as I post. See here.

[spokeshave]

...in before the "unexpected"......

Adam Smith's invisible hand hanging by a thread....

[The Cajun]

This going to be the "One" or are the markets going to do a little bouncing up and down again?
I personally think it is still a little early for the "One". It's coming though.

[NeoCaveman]

In before the roller coaster picture.

[cornfedcowboy]

Pinging Kartographer!

[arkady_renko]

Obama talk of more ‘stimulating’ is going to make everyone around the world giddy.

[The Cajun]

Obama talk of more ‘stimulating’ is going to make everyone around the world giddy.

Well I have 20% left in the market (mutual funds) and I'm starting to think that might be 20% too much. Ain't been giddy about the market for some time ;^)

[spokeshave]

Down over 3% now....at 8869.

[arkady_renko]

I left what little we have in mutual funds through the past two years. I’m a pessimistic person in the best of times and don’t know how to judge when to yank it.

One of my friends bought a bunch of stocks at the bottom and laughs at my doom and gloom attitude. He has sold some, bought some and has done well.

During the same period I was sure we were headed for a new dark ages. Don’t know...