Over the past six months, the Nikkei is beaten the S&P quite handily--9.5% to 5.2%. The Dow Jones Stoxx 600 has fallen almost 2.9%.

Who could have seen that coming? VIX 'fat-finger'-ed lower ... but failed ...

It's been quite a while since my last close look at key Japanese market and bond data. The amazing rally in the Nikkei 225 hit its interim high at the end of December, up 99.6% from its interim low in November of 2011.

After trading well above the Dow at last year's peak (and equal with it at 2013 year-end), the Nikkei 225 is now almost 2000 points below the level of the Dow - a 13-month low.

At Friday's close the eight markets on my world watch list turned in their worst collective weekly average of the past two calendar years, an eye-opening -3.19%

Econintersect: Christopher Lewis if FX Empire has posted a video which gives his summary of the weekly outlook for thew Nikkei 225 Index in Tokyo. He is looking for an advance to ¥16,000 but has his eye on support around ¥14,000.