The market will rebound from this level. A tin pot dictator playing with some fire crackers is always a buying opportunity. Time to pick up some good pullbacks.
Update: Kim Jong is really a bizarre dictator. Read this from Strategypage
While everyone's attention was focused on North Korean missiles, the real story is the North Korean economy. It continues to fall apart, and more North Koreans are unhappy about that. Worse yet, more North Koreans are finding out how badly they have been screwed by their leaders. Meanwhile, North Korean officials engage in even more bizarre behavior. For example, food and fuel supplies sent to North Korea have been halted, not to force North Korea to stop missile tests or participate in peace talks, but to return the Chinese trains the aid was carried in on. In the last few weeks, the North Koreans have just kept the trains, sending the Chinese crews back across the border. North Korea just ignores Chinese demands that the trains be returned, and insists that the trains are part of the aid program. It's no secret that North Korean railroad stock is falling apart, after decades of poor maintenance and not much new equipment. Stealing Chinese trains is a typical loony-tune North Korean solution to the problem. If the North Koreans appear to make no sense, that's because they don't. Put simply, when their unworkable economic policies don't work, the North Koreans just conjure up new, and equally unworkable, plans. The Chinese have tried to talk the North Koreans out of these pointless fantasies, and for their trouble they have their trains stolen.
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