Sorry guys, I jinxed it.

Damn, you have some kind of influence to crash the entire Japanese economy!

I bought Nintendo stock in may at $40. I am thinking of selling it 5 years later or it when it hits $400 per share, whichever come first.

It is about 55 - 60 now. I still have sometime to wait.

Wow, the Nikkei 225 is down 5.5%. That is pretty much the definition of market meltdown.

right now it's $51.3 for ADR. $1 = 112 yen. 112 yen! crazy...

$400? $100 would be possible. oh well, looks like my $80 x'mas target is gonna be hard to achieve.

fortunately, these things come in cycles. yen carry trade is bound to happen again, markets are gonna recover, it's just a matter of time. if you happen to buy on the bottom... kudos to you.

unfortunately for nintendo, it might not happen in time for the bumper x'mas season. and then it's back to figuring out if nintendo can maintain its momentum after x'mas with hopefully more than just wii fit.

I'm actually kind of glad the Asian markets are crashing hard. The faster the market can correct, the quicker we can get back to real investing. The US really needs this kind of correction.

that's true... it's still only like 8% correction since 14,000.

unfortunately for me, the majority of my stuff is in international stuff, and they're getting mauled.

oh well. money come, money go. in a few months investors would be chasing emerging markets again. just hope the US economy doesn't tank.

Don't worry; I'm not a day-to-day trader.  I bought because I felt it was a good value with a very strong chance of appreciation over the coming years.  Time will tell whether that evaluation is correct, but I'm confident.

The yen carry trade has not stopped. So long as the US imports much more from Japan and Asia than it exports, count on the Yen to remain undervalued and the carry trade to be favored.  http://japan.seekingalpha.com/article/44884 

 The whole world is crazy, why should the stock markets be different? 

Iran could invade the US today; they just need to be as hardworking as Indian nationals or Tiwaneese.  No chance of that ever happening though.

you know what i mean by "it's bound to happen again"--of course it hasn't stopped.  it's just that investors, big and small, rushed to pull out assets and cover margin calls.  

i read that somebody thinks 90 yen is a possibility.  that seems outrageous, that kind of level won't be tolerated by the japanese gov't.  110 yen seems like a bottom.  the japanese gov't might not tolerate a yen much stronger than that... apparently 115 yen is the level most big japanese exporters are hedged against till around sept.  i hope nintendo actually hedges the yen--i have a feeling that they don't.

worst of subprime is about to past; supposedly sept 2006 is when subprime lending peaked, so sept 2007 rates starts getting readjusted.  the market has anticipated it... only a month ahead (wow).  data in the months past probably enough to figure out just many defaults there's gonna be and hopefully the market has done a good job estimating it--because that would mean the worst is over.

hopefully the hedge funds that are betting on these distressed securities know what they're doing.