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Tuesday, May 19, 2009

Nikkei Opens Higher On Wednesday

The Senate passed credit card legislation today - source

Basically we will have protection from sudden interest rate hikes on credit cards. At this point, banish all credit cards.

The markets performed well today, moving sideways with some gainers, some losers, and the DOW down a tad. If we can continue with days like today for about 9 months, then I might become a believer...

Reuters: Nikkei edges up as defensives rise
Japan's economy shrank 4.0 percent in the first quarter, the biggest contraction on record, but economists see a return to modest growth in coming quarters for the world's No. 2 economy

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