Yep, sounds about right Scripo. Different, but like our own 2007-08 banking contagion spreading everywhere else in the world. I may need to cut the nominal losses beyond my lost retirement gains in 2015, and exit stage left like Snagglepuss use to say. ;-) Some poster was dead right on Jan 4th when I started dipping my toe back into SPY after it's New Year drop and into a few other indexes I can select (the EFA index is getting crushed now, and of course includes Japanese companies!).