The Nikkei is just an example of what happens to markets that get overbought. A few weeks ago everyone thought the Nikkei was only going to surge...now its down 3000 points and in bear market territory ..no one and I mean not one single person predicted this drop. The same can happen here when you least expect it....
Nikkei Enters Bear Market on Yen SurgeCNBC.com | June 06, 2013 | 08:21 PM EDTAsian stocks opened lower on Friday and may be headed for another rocky session as investors dumped the_U.S. dollar [JPY00H=_97.34__+0.00 (+0.00%)_]overnight and pushed the_yen [JPYUSD=_1.0262__-0.0049 (-0.48%)_]sharply higher amid caution ahead of the U.S. government's monthly jobs report.Japan's_Nikkei [_.N225-JP_12765.05__-138.97 (-1.08%)_]_index continued sliding below the 13,000 mark to skid 1.5 percent, officially entering bear market territory. The index is set to be Asia's biggest laggard for the week, with weekly losses exceeding 6 percent.
Don't think for a second that this market can't drop 20%+ because it sure can....
Nikkei Enters Bear Market on Yen SurgeCNBC.com | June 06, 2013 | 08:21 PM EDTAsian stocks opened lower on Friday and may be headed for another rocky session as investors dumped the_U.S. dollar [JPY00H=_97.34__+0.00 (+0.00%)_]overnight and pushed the_yen [JPYUSD=_1.0262__-0.0049 (-0.48%)_]sharply higher amid caution ahead of the U.S. government's monthly jobs report.Japan's_Nikkei [_.N225-JP_12765.05__-138.97 (-1.08%)_]_index continued sliding below the 13,000 mark to skid 1.5 percent, officially entering bear market territory. The index is set to be Asia's biggest laggard for the week, with weekly losses exceeding 6 percent.
Don't think for a second that this market can't drop 20%+ because it sure can....