It is down 7+% on the day, so far. On top of losses last Friday. With hundreds of billions in derrivatives blowing up. It will be felt here to.Why is that disingenuous chart in points and not percents? A 2k pt drop from 20k is not the same as a 2k pt drop from 40k. I'm shocked, SHOCKED I tell you, to learn that the 2 biggest point drops occurred when the Nikkei was at all-time highs near 40k.
I'm starting to see why you've successfully predicted 438 of the last 2 stock market crashes.
I remember 2008 when we dropped 8% in a day, and the trillions spent bailing out the banks soon after. It will not be same song different day. Japan has a central bank that is the largest holder of US debt. Expect to feel that impact as our bonds get hammered.
Why Is the Bank of Japan the Largest Asset Holder among Major Central Banks?
Among four major central banks, the Bank of Japan is currently the biggest asset holder—with assets worth more than 100% of Japanese GDP.
www.stlouisfed.org
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