Nikkei Crashes, Wall Street Just Yawns
U.S. stocks barely flinched last week as shares trading elsewhere in the world got shellacked. The global selloff began with a 7% plunge in the Nikkei early Thursday. Asian markets dove in sympathy, then Europe followed suit with a 2.1% drop in the FTSE 100. But when it came time for Wall Street to show a little fear, bears were nowhere to be found. The Dow closed off just 12 points, demonstrating yet again the old adage that if you can keep a cool head while everyone around you is panicking, then perhaps you don’t understand the situation.(…)
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© Rick Ackerman and www.rickackerman.com, 2013. |
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Source: http://www.rickackerman.com/2013/05/nikkei-crashes-wall-street-just-yawns/
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