First it was the credit crisis, now its earnings. When will it stop?
Tokyo’s Nikkei 225 tumbled 5.9% to 8,796.10 points in early afternoon trading, as investors nervously anticipated a season of modest to dismal earnings reports and outlooks. Earlier, the Dow Jones industrial average fell 231.77 points, or 2.5%, to 9,033.66, after blue-chip companies posted bleak earnings. [via Forbes]
It’ll stop when people throw in the towel. I thought I saw that recently but people are still too optimistic. Maybe I’m just a permabear.
