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There is an eerie feeling for the first night of buying and selling after the G20 summit. The Nikkei markets are up, but the yen is rapidly losing steam, and is close to dropping beneath eighty one on the yen/usd index.
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The modest actions Friday could simply be that traders are "a little bit tired," said Paul Zemsky, head of asset allocation at ING Investment Management. "The fundamentals would indicate we ought to be greater." Stocks have been on a steady climb for nearly two months. A pause, particularly following powerful earnings the previous couple of times, "is completely all-natural and perhaps even anticipated," Zemsky said.