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S&P 500 Futures Chart – Pre Market

One Response to “S&P 500 Futures Chart – Pre Market”

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  1. carol says:

    Just some thought. An article mentioned that this whole financial mess is caused by 55 trillion dollar credit default swap market that was triggered off when Lehman brothers went bankrupt. Even though government pump billions of dollars in the banks, banks refused to lend to each other because of fear of CDS obligation. This mean nationalization of bank is out of question because it will trigger the 55 trillion dollar credit default swap since C, JP Morgan and Bank of America has 90% of CDS. If this is true, then the whole thing origins from financial crisis, not economic crisis. The triggering of CDS fear caused banks to call loans of hedge fund clients and selling holdings like oil and metal futures.

    With government deciding to take over, C, JP Morgan and Bank of America has reduced the risk of triggering of CDS obligation. The stocks have gone up, therefore, all other equities that were hammered before have been bought back again.

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