strategist: Nikkei Drops in 1st Day of Trading in 2008

01/04/2008

Nikkei Drops in 1st Day of Trading in 2008

I guess the result was not unexpected: Loss of 616.37 (down to 14,691.41).Hopefully the losses can be partly explained away with (1) short trading day, (2) many day traders are still probably on holidays overseas, (3) institutional investors will wait to see how the US markets do today and then, make their moves on Monday, and (4) who the heck trades on the first day of the year anyway?

4 Jan 2008 21:29:20 | Stock Markets

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