Stocks Get Bounce After Friday Afternoon Slaughter
U.S. started the morning gaining back some of Friday's late-day losses despite weakness in world markets. Europe played a little downside catch-up last night and Japan is down another 3.7%, making it almost a 20% correction off highs for the Nikkei. It will be interesting to see how Japan reacts to recent weakness. If you feel Japanese markets are due to out-perform in the long-term, perhaps this sell-off provides a dip-buying opportunity.