Sunday, February 08, 2009

Nikkei Opens Higher On Monday

My present understanding is that Obama "unveils" the already unveiled plan on Monday and Geithner amplifies the details on Tuesday.

I'm leaning towards decent gains in the market over the course of the week. In other words on Friday the market will be higher than on Monday. But I am more often wrong on this matter.

Reuters: Nikkei up 1.7 pct amid U.S. hopes, Nomura tumbles
U.S. Treasury Secretary Timothy Geithner will outline the Obama administration's financial stability plan in speech at 11 a.m. EST on Tuesday, the Treasury Department said.

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