check out the Aussie market http://www.futuresource.com/charts/charts.jsp?s=APIM06&o=&a=D&z=800x550&d=medium&b=bar&st=
Well, at least overnight, there were some bottom fishers on the Nikkei. I'm not sure how Wall Street is going to react but I covered my overnight shorts on the Russell. I hate picking bottoms but I feel confident that Nikkei is nearing one. Someone's going to realize that although cheap money might be coming to an end, it's not going to be an abrupt end. I don't think Japan will raise rates nearly as fast as our "hawkish" feds are.