Now, the market is in panic but we will see it settle down after a while.

It's hard to tell at this point if the Nikkei has reached a target or if it will climb higher.

A fall in US stocks was the impulse for the retreat.

This is a reverse from the recent trend of a stronger yen, which had been a concern. I think the stock market is feeling some relief.

There's concern about overheating ... After touching the goal of 16,000, it's now easy for investors to cash in their winnings.

Panic selling seems to have started to calm down owing to progress in adjustments of huge long-margin positions and declines in margin calls.