Since approximately 9pm US EST the S&P futures have been declining rather significantly. Currently (US 1:30AM EST) the futures are at the point where they went into ‘lock limit down’ last Friday.
Many more hours to get through before the US markets open on Monday morning so ‘anything’ can happen in the next seven hours.
Recent Posts:
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
- Economic Data and Earnings Schedule for September 2 2010
- Christina Romer Makes a Final Recommendation Before Leaving To Teach Keynesian Economics
- Homebuilder Hovnanian (HOV) Reports Dismal Quarter
- Auto Sales Data for August 2010
- Stock Market Rewind – September 1, 2010
It shows the continued weakness from buyers. The PPT is trying their best to create a “soft” landing of a falling meteor. But, if we had one piece of good news or a another good lie, then the market could rally off the shorts in a huge way.
Maybe, at least the trading companies at making money on commissions.
I am hoping they will send me a gift certificate for build a bear or something for all cash they are making on me.