Looks like a new low is coming on the Nikkei - below 7000. At what point does this madness stop? Really, serious answer. I don't want dorks like stock_trad3r telling me how the market is going to 15000 or some shit. How low can this possibly go? Realistically, before it's just too much of a steal.
How low can any asset go? Zero. Now ofcourse I am not saying Japan is going to zero. But that is realy the only true answer to your question. As far as japan goes.. As long as the Yen keeps rallying, the japanese stock market will be under pressure.
This is unprecedented opportunity of the century... <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2147472>
I wish I could. I truly do. Tums, good chart. The question becomes the proverbial falling knife. These unwinding/redemptions that have been pushing the market lower and lower - when the hell does it stop? That's the question. I know everyone here is - or claims to be - a trader. I know, volatility is king and that's how traders make good bucks. But at a certain point (which I believe we're past) don't you just have to start hoping for an end to the chaos? Otherwise we're looking at a massive collapse of monumental proportions that will affect everyone, regardless of whether you trade volatility or not. As a trader (of Forex), I love the big swings. As a father of my child, I begin to wonder what happens after this. What world do I leave my son?