Highlights
Japan's stock market suffered its second largest stock market decline ever on Monday, world markets followed. Not that it was anything Japan did to cause the sell-off.
The world-wide sell-off was triggered by the US economy showing much higher unemployment and many fewer new jobs than expected on Thursday.
The Fed should have been cutting interest rates last month as the US economy was on an inflation-controlled landing pattern and the Fed did overshot the runway at the same time the AI-inflated Big Tech bubble was ripe for blowout.
Japanese stocks were down 12% Monday, the second largest one day loss only exceeded by the 15% slump on Oct. 20, 1987. Was the massive sell-off justified? No. Can the sell-off continue? Sure. Markets are quite emotional at times and a mob mentality kicks-in as greed or fear can be overwhelming for weeks, even months.
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