Nikkei futures down about 700 points, which would blow through the August 18, 1992 low of 14,309 by 500-600 points.
Hopefully we'll get a wash-out tomorrow; volume today was the second-highest ever (after Oct. 28).
One correction: my new lows numbers was for both Nasdaq and NYSE, so it wasn't a record. We had 1,018 new NYSE lows vs. 1,174 on Oct. 20, 1987. On the Nasdaq, we had 1,125 news lows vs. 2,101 on Oct. 20, 1987. The Big Board lows today were about 300 higher than the trough of the 1990 bear market (another perverse, contrarian positive). |
