Tuesday, April 07, 2009

Nikkei Opens Lower On Wednesday

Hey, what happened to the Passover-Easter rally?

Corporate first quarter earnings reports are coming, and that spells bad news.

The prediction: When company "x" has a smaller than expected loss or better, its rally time. When companies "a" through "w" report expected losses or worse, the market tanks.

Reuters: Nikkei slips, banks pressured after Wall St fall
Worries about the upcoming earnings season sent Wall Street tumbling, and Japanese investors were similarly honing in...

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