Japan’s renewed market rally has taken stocks to the highest levels in more than two decades Wednesday and prompted a sardonic response from one of the financial market’s most notorious criminals.
Nick Lesson, the infamous “Rogue Trader” who brought down Britain’s Barings Bank, the country’s oldest lender, after a complex fraud of fictitious transactions, phantom accounts and unauthorised bets linked to the Japanese stock market collapsed, Tweeted early Wednesday that the Nikkei 225’s closing price of 20,881.27 points, the highest since 1996, was “not far off my break-even point”.
Nikkei225 at highest level today since 1996 – probably not far off my break-even point. If only they’d waited!!
Nick Leeson (@TheNickLeeson) Oc…
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