The Nikkei is getting crushed tonight, down about 601.13 points or about 4% to 14,706.65. Nissan led the way on lower US auto sales. This is a fairly significant drop but should be kept in perspective as this was the first trading day of the New Year and is likely just playing catchup with the rest of the world. This was according to Bloomberg ( http://www.bloomberg.com/apps/news?pid=20601087&sid=ansRxK4GxwFQ&refer=home) and Reuters, (http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSTFA00293220080104.)
NBC TV News is projecting Barack Obama and Huckabee as the winners in the Iowa caucus. Although I am not one to argue with projections, I would rather wait until it is official before declaring winners.
Tomorrow's US employment report is expected to show about 70,000 - 75,000 new jobs added and and an unemployment rate of around 4.7% - 4.8%. This according to Yahoo Finance.
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