Japan's Stock Market Crash

Want to see what a crash looks like? Take a look at the Nikkei (NIKK) in two days.

The NIKK is off 17% since Monday. At one point last nite, NIKK futures were about 25% percent lower.

Domestic markets bounced after opening about 3% lower this morning. Final tally found the S&P 500 down about 1.5%.

Bulls will likely drink this news pretty, and a rally to relieve some pressure may be due. But there may be unfinished business, perhaps a lot of it, to the downside.

In any event, risk management seems the order of the day...

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