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There is an eerie feeling for the initial evening of trading following the G20 summit. The Nikkei markets are up, but the yen is rapidly dropping steam, and is close to dropping below eighty one on the yen/usd index.
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The modest movements Friday could simply be that traders are "a little little bit tired," said Paul Zemsky, head of asset allocation at ING Expense Administration. "The fundamentals would indicate we ought to be greater." Stocks have been on a regular climb for nearly two months. A pause, especially following powerful earnings the previous few days, "is absolutely all-natural and perhaps even anticipated," Zemsky stated.
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