That would be happening here as high-techs and banks were sold heavily in the past few days.
There are a lot of hopes with the start of the new year.
The currency movement can't really be helped, considering the comments (by Fukui). This is something we'll want to pay attention to.
Right now there are few market participants.... Investors don't know what may happen with the currency during the holidays.
The market focused on only the good things in the survey. That suggests how far and fast the market sentiment has improved.
Had the outcome been better, it would have increased speculation of higher consumer prices immediately ahead, so it seems that investors are taking a weaker reading as a positive.
Confidence over an end to deflation keeps luring investors to bank shares. Buying of steel stocks falls into the same kind of category, that is one where investors bet on the domestic demand.
After rising more than 700 points in just three days, I think it can't be helped if we see some investors locking in some gains.
The Nasdaq will probably rebound tonight because of Yahoo and investors started factoring that in at the start, but there wasn't enough follow-through buying in high-tech and Internet shares,
Given the New York market's setback on geopolitical concerns, the market here may wipe off half or more of the gains it saw yesterday.
