The Nikkei plunged a whopping 1,143 points as the following chart shows.

Global Equities Hammered

It’s not just the Nikkei that’s being hammered. Asia-Pacific is in a rout as well.

click on chart for sharper image

Start of Reflation Bubble Bust?

Is this the start of the great reflation unwind? I don’t know, but we should all hope so.

The bigger the bubble the bigger the crash, and this Fed (central bank in general) sponsored equity and corporate bond bubble is enormous.

Mike “Mish” Shedlock