Nikkei Opens Lower On Friday

Curious, its one of the few days when the Nikkei has not followed Wall Street, where the DOW and S&P gained a smidge today.

Everybody keeps repeating the new mantra which is, its about the banks. Gone is optimism and pessimism, now its banks, banks, banks.

Hey it only took 16 months for writers to hone in on the bank man behind the curtain as the explanation for misery.

Regardless, we are still in a massive pickle.

Reuters: Nikkei edges down, but Mizuho Financial rises