Nikkei Opens Higher On Monday

Right now the possibility of a "Santa" rally seems better, as Asian markets are up.

Update: Asia stocks up

Asia stocks edge up, Seoul hits 6-wk high

Earlier in the day, the financial section of Reuters had predicted that the Nikkei would open lower for the very same reason - the Bush auto bailout.

As we have seen many times before, financial journalists get it wrong often.

Its still important to remember that doom and gloom headlines sell.

Reuters: Nikkei up 0.2 pct after U.S. autos bailout

Japan's Nikkei average rose 0.2 percent on Monday, amid relief after U.S. President George W. Bush bailed out U.S. automakers with $17.4 billion in emergency loans.