Stocks In Japan Down 2% After Dow Drops 520 Points

NEW YORK (CNNMoney) -- Stocks in Japan opened lower on the heels of a wild day of U.S. trading that ended in a 4 percent-plus drop for U.S. markets.

The Nikkei was down around 2 percent shortly after the start of stock trading in Japan.

In the United States Wednesday, stocks were dragged lower by mounting fears of a banking crisis both domestically and in Europe.

Bank of America was down 11 percent -- its shares have lost nearly 30 percent in just the past week.

Investors are worried about potential losses stemming from bad home loans on the bank's books. Bank of America CEO Brian Moynihan on Wednesday said that the bank's $14 billion in mortgage provisions "ought to cover us." The reassuring comments initially calmed investors, but not for long.

http://www.kirotv.com/money/28829173/detail.html

He had sex with the sun god!

:sarcasm:

what it had lost the day before) stock market analysis has the same bogus ring to it as the text that goes along with the pictures in art books.