Thursday, August 16, 2007
Wow. Those Asian indexes are tanking for a second night. Earlier things were looking better, but the Tokyo Blues seem to have everyone down. You know, when you start losing 3% one night, and 2-3% the next night, it really adds up. The Nikkei is now 15,600 and a little. Here's hoping they buck up.
I do not see the situation getting better. Too many problems in commercial debt everywhere, a lot of which was apparently used, one way or another, to play with funky mortgages.
Look at that drop. Looks like a Wile E. Coyote trajectory to me: