3.29 Nikkei passes end-of-term dividend ex-rights
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Please make your own investment decisions.
Apart from movements around the close, it has almost moved back and forth and returned to around the opening price.
Although there is usually reinvestment in the Tokyo market after the rights issue, I am concerned about Nomura Holdings' losses reaching 2.2 trillion yen.
As I have long feared, the current situation involves substantial leverage in investments, placing it at a level where a small trigger in a bull market could rapidly turn it Bear, so I want to be wary of a momentum where selling begets more selling.
Rather than macroeconomic factors, the chain of margin calls on leveraged positions is at a scary level.
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