Archive | July 20, 2007

Nikkei Edges Higher in Mixed Trading

* Nikkei 225 Stock Average: +41.36 (+0.2%) to 18,157.93; highest turnover ex-SQ since May 10, highest volume ex-SQ since June 7 * Nikkei 225 futures Osaka: +50 (+0.3%) to 18,180, Singapore (SGX) 18,185, Chicago 7/19 — 18,195 * TOPIX: +8.17 (+0.5%) to 1,776.17; Advancers 667 x decliners 936 (unchanged 128), New highs 66 x new [...]

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Murakami Gets 2 Year Jail Sentence, Fined $12M

Bloomberg has good coverage of former activist fund manager Yoshiaki Murakami’s sentence. Once a Japanese investor hero, now Murakami is mostly remembered for his insider trading and association with destroying individual investor confidence. Smaller cap issues continue to remain out of favor, some trading at ridiculously low valuations. His presence is missed, but in the [...]

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Dow 14,000! 15,000 Only 7% Away…

The Dow Jones Industrial Average closed above 14000 for the first time ever Thursday. It took only 58 trading days to make the 1,000 point rise from 13,000 to 14,000, the second fastest on record, after the 23-session rise to 11,000 in spring 1999, says The Wall Street Journal. Keep the following in mind: Of [...]

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