Nikkei Opens Higher On Tuesday

The Nikkei is about to post its worst year since its inception over 50 years ago. Wall Street will post its second worst year since the Great Depression. We do have two days to go, so the record is still a possibility, but not likely right now.

2008 was a nightmare for investors everywhere. Warren Buffet was able to beat the average drop of 40% with Berkshire Hathaway dropping a mere 30 something percent.

Most everyone I know has lost 60% of the value of their investments.

Well we made it through a tough year, one hard ball recession it is. We still mercifully are getting rid of Bush. There may be a recession but our political capital is increasing.

Reuters: Nikkei edges up as resource shares gain, but top-heavy

"Everyone's pinning their hopes on economic stimulus policies by the United States and possibly China, which is keeping the market supported for now," said Shinkin's Yamashita.

"But people aren't watching things like company results as closely as they should be. We can't say for sure that the market's bottomed out until we see these next spring."