Thursday, October 30, 2008

Nikkei Up 26% Since Tuesday

With three straight days of gains (that's right, gains!), Japan's Nikkei 225 Index is up 26% since Tuesday. The current three-day run is the strongest since 1970. But even after this monstrous rally, the Nikkei is still 3% below the level it closed at nine days ago, and since the start of the second half, it is still down 33.0%.

Nikkei

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.