Japan's Nikkei Down 2.6%

September 01, 2009

[Steelfish]

Nikkei 10,255.55 –274.51 –2.61%

[BunnySlippers]

THEY follow US. WE do not follow THEM.

[2banana]

I think the “bear market rally based on wishes, hopes and unicorns” is just about over...

[rfp1234]

Smells like socialism, Samurai-style. The markets react.

[Centurion2000]

THEY follow US. WE do not follow THEM.

Don't bite the hands that buy US treasuries like candy.

[Gay State Conservative]

THEY follow US. WE do not follow THEM.

That's often the case but not always.Japan's the world's second largest economy.Events there *can* spook other markets...the US,Europe,elsewhere.

[BunnySlippers]

I think it’s almost always the case.

But then, what do I know? ;)

[Gay State Conservative]

I think it’s almost always the case.But then, what do I know? ;)

OK...you're an equities trader.Is it,or is it not,true that Japan is the second largest economy in the world and that the Nikkei,along with exchanges in New York,London,Frankfurt,Hong Kong,Singapore and several other cities,handles most of the equities trading that occurs in the world?

[sanchmo]

We'll find out over the next week or so, but the S&P looks like a classic head & shoulders pattern - new high on low volume, drop on higher volume, another higher high on low volume, another drop on higher volume, a third increase on low volume. If it fails to break 1035 and drops below the 975-990 range on high volume, a lot of folks will be calling for a retest of 870 and 670.