From The Big Picture:

From Bloomberg UK:

This year's tumble in U.S. stocks mirrors the Japanese selloff that began 11 years ago, an indication to hedge fund TTN AG that American equities may have further to fall.

The CHART OF THE DAY shows the pattern of gains and losses in the MSCI USA Index has followed the dollar-denominated MSCI Japan Index with an 11-year lag since 1990. While the U.S. gauge has retreated about 15% from this year's high in April, the Japanese measure sank more than 50% during the slide that started in April 2000, data compiled by Bloomberg show.

"We may see a Japan 2.0 scenario," Trung-Tin Nguyen, founder of Zurich-based TTN, said in an interview. "If U.S. markets continue to fall, we might...

Read full article (with chart)...

More on stocks:

One of the world's "smartest" markets says stocks could have much further to fall

One of the biggest drivers of higher stock prices could soon be history

Top strategist Saut: A Dow Theory "sell signal" has been confirmed