Nikkei Opens Higher On Wednesday

All of our prayers, thoughts, practices, and concern go out to the people that were killed on board the Air France jet crash. We send our condolences and respect to the families and friends of these people.

I can't begin to imagine the tragedy and what these poor people experienced. May it never happen again, ever.

The market was sober today. Market-wise, this was an excellent day for this stage in the recession. Basically the market went sideways, some gainers, some losers, and some static valuation as well.

Reuters: Nikkei edges up on resource and chip shares

A surprise surge in U.S. pending homes sales, which rose 6.7 percent in April for the largest monthly gain in seven and a half years, also encouraged buying in a broad range of Tokyo shares, especially makers of semiconductors and chip-making equipment.

Note: These financial articles are such mysteries. Look at the above excerpt. Pending home sales are up in the US therefor (ahem) chip sales and semi-conductor stocks rise in Japan. Its written as if it was a given. Anybody miss something here, like any link whatsoever...