Nikkei Opens Lower On Thursday

The DOW dropped 52 and the S&P dropped 4 today.

The Fed has recently altered its projection of how long it will take till there is a long term recovery, i.e. a return to a fourth gear economy -

U.S. Treasuries rallied after the Fed cited significant risks to the U.S. economy, which officials said could take five to six years or more to return to its long-run potential. source

This is a long time. Still managers keep expressing the idea that the financial crisis is abating. Perhaps we are at the bottom of the "L."

Reuters: Nikkei down as exporters slip on strong yen