It was another crazy session for the Nikkei today.
After rising 3% out of the gate after Thursday’s bloodbath, the Japanese index embarked on a wild ride. By early afternoon, it had given it all back and more. Still, it fought higher to finish the day with a modest gain.
That’s a 3% rise after 7% drop— ending in a small gain after another downside scare (in case you were keeping score). That’s enough torment to keep the average Japanese investor awake for many nights to come. I suspect this is just the beginning of some wild price action across the Pacific…[Read more...]