Nikkei ends at largest loss since 2016 after Dow's record point fall

Zap, Abenomics at its best.

Cricky - I normally agree with you but you're off the mark here. This is a response to a huge drop in share prices in America, and share prices in other countires have responded similarly.

Thank you, frustration got the better of me. It's a global thing out of any individuals hands.

To be fair to Cricky, I have heard Abe/Aso more than once pointing to the Nikkei "booming", while talking up out the supposed benefits of "Abenomics". So if they are willing to take the plaudits in the good times, they also have to equally cop some of the blame!

Good point BurakuminDes.

Sterling just took a dive against the Yen.

Not happy!!

Liquidity being reined in plus inflation poking its little head up = panic.

All markets copy each other for no real reason.

Get ready, because the Trumpers have already hopped into their time-machines and are making the back-to-the-future arguments again; all gains in the economy and record low African American unemployment rates are thanks to Trump, but somehow this tanking is already being blamed on Obama... who also started the wars in Iraq and Afghanistan after GWB killed OBL, don't forget!

It's so odd how they use green to represent losses on those charts.

The Nikkei was a reaction to what happened on Wall Street over the weekend (as cucashopboy said).

Related and another spin on this to consider.....I have been reading Thomas Friedman's book "Thank you for Being Late" which digs deep into the exponential growth of technology. Really good read and some great insights, some of which I never considered, even though I am working in the industry - recommended read....anyway...

In one chapter he discusses the use of technology for stock trading and how a pseudo "AI" is being used in trading. He talks about timing (speed of actually sending information and executing trades) and how new fiber-optic cables are being laid and connected to increase the speed of information (shaving off milli-seconds) and how some in the financial industry are taking advantage of this.

He postulated that technology is evolving/accelerating faster than we are able to adapt (in this case we cannot put in the proper "circuit breakers" to stop trading fast enough). Interestingly when discussing what happend in the U.S. over the weekend a couple of articles indicated this was not necessarily the root cause of this correction but a contributing factor as to why the correction occurred so rapidly.

Even though there is a global economic boom going on (especially in technology and all the way through its supply chain) I kind of figured this correction to happen.

I never was into politicizing the value of the markets (regardless of who is doing it) as they are so complex that a single President cannot have a major impact and even when markets are booming it does nearly nothing to help the lower class and does a bit to help the middle class.

Why do they never call it what it actually is: “Nikkei ends at largest loss, since 2016 after profit-taking triggered by the Dow’s biggest investors profit-taking first” Another investor shell game devised by the rich.

"the steepest single-day point drop on Wall Street overnight."

While Janet Yellen ran the Fed she kept the economy growing while keeping inflation under check. It was a remarkable performance. Her reward: Trump replaced her. It's practically unheard of for a successful Fed Chair not to be reappointed for a second term regardless of the party of the last president who appointed them. It's understood that financial stability trumps ideology.

But the stable genius knows better than anyone how to be a successful president. Believe me! So in a turn to undo everything Obama, Yellen is out.

And now the markets are jittery over inflation worries.

THIS isn't a holdover from Obama policies. This is one of the first real acts Trump has taken to affect the economy. This is ALL TRUMP.

Jerome Powell is just a continuation of Yellen. If Trump has picked a newbie like J B Taylor or K Warsh to head the Fed that would have upset the Apple cart, but Yellen could have been reappointed and stocks would still have gone through this correction.

And if you want to blame him for two days then you have the give him the year of record breaking highs too (most recent one a week or so back), just to be consistent.

“Meanwhile, Nomura Securities' Sawada said the downward trend is expected to be short-lived. "The recent nosedive is not expected to last long as economic growth and domestic earnings remain solid," she said.”

http://time.com/3207128/stock-market-high-1929/

Fools Goldilocks!

Anyone who bought US stocks in 1929 (or 2007 even) would sure be kicking themselves now!

I guess this is the beginning of the Trump Crash.

"Business is looking better than ever with business enthusiasm at record levels. Stock Market at an all-time high. That doesn't just happen!" Donald J Trump

Trump has decided to fix inequality by wiping 10% off the stock market. Sock it to the rich. Who’s complaining here?

I expect Trump to be investigated for insider trading soon, because no doubt there are rumors he told his Russian friends that he was going to do this.

Bad guy, very bad! Believe me.

Ultimately politics (short of a world war) has very little impact on markets. Bonds have been on a 30 year run, prices rising and yields falling. That was always going to change and it has been obvious for a while now that we were nearing the end (when though as always is the difficult bit to predict) once it starts to revert to the mean this was always on the cards. As yields rise the cost of borrowing rises, companies that are heavily leveraged will struggle to survive. Management have been making hay, using leverage to boost share prices (and their remuneration) at shareholders expense, now the price has to be paid. Unfortunately it will not be the selfish and profligate CEO's etc who will do the paying but shareholders, pension funds and workers.

zichi; You don't have to tell me it's fake news -- I was talking about what Trumpers are saying.

“Anyone who bought US stocks in 1929 (or 2007 even) would sure be kicking themselves now!”

Indeed, if your putative investor surveying the wreckage of 1929 firstly had the money to splash out on devalued stocks and secondly resisted the temptation to wade straight back in immediately but prudently had the foresight to wait three long years until the market had reached its nadir having lost nearly 90% of its value, and thirdly was content to wait until 1954 for the Dow to recover to its pre crash level, then yes, you’d be right!

Just be sure to lay on some extra underwear if you’re contemplating following in smart boy’s footsteps.