There's blood in the streets - Where's Warren? Levered carry traders are rapidly realizing large crowds and small doors don't mix, even though if they liked the Nikkei at 16,000 they should love it at 12,700. It appears only physical gold traders are those who actually dollar cost average lower, when assets are more affordable. Either way, in Japan:
- JAPAN'S NIKKEI 225 FALLS 20% FROM MAY 22 HIGH
- JAPAN'S TOPIX INDEX FALLS AS MUCH AS 5.1%
- NIKKEI 225 FALLS 6%, EXTENDING LOSSES
S&P Futures are below 1,600
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and JGBs...
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China is getting slammed...
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Or visually: