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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-18-06 08:28 AM
Response to Original message
59. pre-opening blather
09:15 am : S&P futures vs fair value: +1.7. Nasdaq futures vs fair value: +7.0.

09:00 am : S&P futures vs fair value: +1.5. Nasdaq futures vs fair value: +7.0. Still shaping up for stocks to regain some upside traction following Wednesday's CPI-induced drubbing. While blue chips will be in focus after Home Depot (HD) expanded its stock buyback program by $2 bln, most of the early buying efforts appear centered around the Nasdaq, which is coming off its longest losing streak in five years (7 straight days) and slipped into negative territory for the year yesterday.

08:32 am : S&P futures vs fair value: +0.4. Nasdaq futures vs fair value: +5.5. Futures indications now suggest a slightly higher open for the S&P 500 and strong start for the Nasdaq, but one shouldn't read too much into early gains as they will simply be the result of reflexive buying action. A dearth of compelling news on the corporate front, with only a handful of retailers out with earnings, is offering little conviction behind a potential rebound. Separately, initial claims rose 42K to 367K, well above the consensus of 318K, but the reaction in stocks has been relatively muted while bonds have gotten a bit of a lift, knocking the yield on the 10-yr note down to 5.13%.

08:00 am : S&P futures vs fair value: -0.6. Nasdaq futures vs fair value: +3.2. A sense that the market has gotten oversold following yesterday's sell-off on top of sizable losses seen at the end of last week may attract some bargain hunting opportunities this morning. However, while early indications are signaling an improved sentiment, futures trade versus fair value merely suggests a mixed start for stocks.
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  -STOCK MARKET WATCH, Thursday 18 May ozymandius  May-18-06 05:28 AM   #0 
  - WrapUp by Jim Willie CB  ozymandius   May-18-06 05:33 AM   #1 
  - Today's Reports  ozymandius   May-18-06 05:35 AM   #2 
  - OMG: Initial Claims SURGE to 367,000  UpInArms   May-18-06 07:33 AM   #50 
  - U.S. initial jobless claims surge to 367,000 on shutdown  UpInArms   May-18-06 07:33 AM   #51 
  - Leading Indicators Show U.S. Economy Cooling  UpInArms   May-18-06 09:05 AM   #68 
  - Philly Fed index @ 14.4 - lousy internals  UpInArms   May-18-06 11:30 AM   #82 
     - Input prices soar, but fewer firms raising their prices for finished goods  UpInArms   May-18-06 11:33 AM   #84 
  - "Managed Depreciationo of the Dollar" That's Rich!  Demeter   May-18-06 05:39 AM   #4 
  - Look at the charts (above) at this time:  Ghost Dog   May-18-06 06:29 AM   #34 
  - You can read about Snowjob's psychotic comments here.  ozymandius   May-18-06 06:03 AM   #21 
  - more Snowjob empty-headed rhetoric here.  ozymandius   May-18-06 06:07 AM   #25 
  - Snow needs to read "Confessions of an Economic Hit Man"  Paulie   May-18-06 06:56 AM   #36 
  - Treasury's SnowJob-Need global help to unwind imbalances  UpInArms   May-18-06 08:50 AM   #64 
  - SnowJob urges caution in dealing with global imbalances (weirder than ever  UpInArms   May-18-06 09:58 AM   #76 
     - Sounds like he's working for someone other than U.S. citizens.  ozymandius   May-18-06 11:23 AM   #81 
     - Pardon me, but, this doesn't sound at all cautious:  Ghost Dog   May-18-06 11:33 AM   #83 
        - "Caution" thrown to the winds-SnowJob now does out-and-out threat to China  UpInArms   May-18-06 12:06 PM   #89 
           - Excuse me, please, but most respectful  Ghost Dog   May-18-06 12:55 PM   #95 
  - Ok, near-ZIRP continues, BUT BoJ "mopping-up liquidity". go figure, n/t  Ghost Dog   May-18-06 06:23 AM   #33 
  - Oil falls on higher US gasoline stocks, inflation  ozymandius   May-18-06 05:37 AM   #3 
  - Griping About Gas Prices ... in a New SUV  ozymandius   May-18-06 05:48 AM   #9 
  - Dickhead.  PassingFair   May-18-06 05:31 PM   #108 
  - Morans. Well, gas here has dipped to as low as $2.59 in parts of town  Roland99   May-18-06 05:35 PM   #109 
  - Oil Falls for a Second Day as U.S. Gasoline Production Surges  ozymandius   May-18-06 06:10 AM   #27 
  - Of course it's surging.  trogdor   May-18-06 08:32 AM   #60 
  - Expensive gasoline= Consumer belt-tightening  ozymandius   May-18-06 06:56 AM   #37 
  - Huge government investment in biofuel  Jemmons   May-18-06 07:53 AM   #55 
     - I suppose a car that smells of french fries is better than standard diesel  TrogL   May-18-06 03:29 PM   #104 
  - Interest Rates Has Wall Street Puzzled  ozymandius   May-18-06 05:39 AM   #5 
  - How Soon We Forget  Demeter   May-18-06 05:41 AM   #6 
  - High fuel prices to curb US holiday travel: AAA  ozymandius   May-18-06 05:42 AM   #7 
  - morning everyone - let's see what today brings  stop the bleeding   May-18-06 05:46 AM   #8 
  - Good morning stop the bleeding and everyone.  ozymandius   May-18-06 05:49 AM   #10 
  - Read my journal  Oversea Visitor   May-18-06 06:03 AM   #19 
     - Make it easy for us, OV.  Ghost Dog   May-18-06 06:39 AM   #35 
        - ...Damn right, OV. LINE IN THE SAND.  Ghost Dog   May-18-06 07:03 AM   #41 
        - Haha  Oversea Visitor   May-18-06 07:59 AM   #56 
           - Fuck. Reading again this humble book between my hands: Thus:  Ghost Dog   May-18-06 12:35 PM   #91 
  - Well, for starters, great cartoon!  Roland99   May-18-06 05:56 AM   #13 
     - How's that new job working out for you Roland?  ozymandius   May-18-06 06:00 AM   #17 
     - Hey, folks. Thanks for asking. It's going well!  Roland99   May-18-06 06:11 AM   #28 
     - that explains it  stop the bleeding   May-18-06 06:03 AM   #20 
     - So how goes your new job  Oversea Visitor   May-18-06 06:04 AM   #23 
  - Morning folks: European shares yo-yo, rate worries weigh  Ghost Dog   May-18-06 05:55 AM   #11 
  - Russian stocks fall for 7th day, RTS below 1,500  Ghost Dog   May-18-06 05:57 AM   #14 
  - The sleeve of this disk of vinyl (ca. 1979)  Ghost Dog   May-18-06 06:10 AM   #26 
  - Gold is making for Swiss franc rise  Jemmons   May-18-06 09:15 AM   #70 
  - FTSE 100 suffers biggest points fall since 2002  ozymandius   May-18-06 05:56 AM   #12 
  - Chinese foreign minister to visit Qatar, talks with Japan undecided  Ghost Dog   May-18-06 05:59 AM   #15 
  - Japan and China fail to bridge gulf on sea dispute  Ghost Dog   May-18-06 06:01 AM   #18 
  - Japan's volcanoes (Mt. Fuji, etc ) are used as a geothermal resource  TheBorealAvenger   May-18-06 06:15 AM   #30 
  - Nikkei ends at over 2-month low on US slide  Ghost Dog   May-18-06 06:04 AM   #22 
  - Tokyo dept. store sales down 0.5% in April on slow clothing sales  Ghost Dog   May-18-06 06:05 AM   #24 
  - Stock futures rise, Wall St rebound expected  ozymandius   May-18-06 05:59 AM   #16 
  - 1987 and the beginning of Greenspin's bubble machine. Oh, but it's  54anickel   May-18-06 07:41 AM   #53 
  - Lay faces another trial as Enron jury deliberates  ozymandius   May-18-06 06:13 AM   #29 
  - GM on defensive again with loss of 2 top accountants  ozymandius   May-18-06 06:17 AM   #31 
  - Just what GM does not need. (note: I'm emailing your toon to...everybody)  TheBorealAvenger   May-18-06 07:00 AM   #39 
  - Another great cartoon!  NC_Nurse   May-18-06 06:18 AM   #32 
  - Housing slowdown to be widely felt  ozymandius   May-18-06 06:58 AM   #38 
  - I was just talking about this very situation - hmmmm n/t  stop the bleeding   May-18-06 07:27 AM   #48 
  - Fed's Moskow notes risks from new mortgage products  UpInArms   May-18-06 08:25 AM   #57 
  - Fed's Bernanke - US housing cooling "orderly"  UpInArms   May-18-06 09:41 AM   #74 
  - The people's economist: Remembering John Kenneth Galbraith  ozymandius   May-18-06 07:02 AM   #40 
  - Morning Marketeers,  AnneD   May-18-06 09:21 AM   #71 
     - Thanks again AnneD: "hard time understanding ... 'unwashed masses'"  Ghost Dog   May-18-06 11:51 AM   #88 
        - Don't give up on us yet.....  AnneD   May-18-06 12:27 PM   #90 
           - We still love (and need) you.  Ghost Dog   May-18-06 01:34 PM   #96 
  - daily dollar watch  UpInArms   May-18-06 07:03 AM   #42 
  - Falling dollar threatens bottom line  Jemmons   May-18-06 07:47 AM   #54 
  - dollar drubbing resumes  UpInArms   May-18-06 08:57 AM   #66 
  - Dollar falls sharply on comments from SnowJob  UpInArms   May-18-06 09:06 AM   #69 
  - the drubbing continues  ozymandius   May-18-06 12:51 PM   #93 
     - dollar worsens against the Euro  ozymandius   May-18-06 02:46 PM   #101 
  - NJ: Choice: Sales tax hike or 20,000 layoffs  UpInArms   May-18-06 07:06 AM   #43 
  - Tenet Healthcare Settles Charges in Kickback Case - pays $21 mln  UpInArms   May-18-06 07:12 AM   #44 
  - Kirk Wright, IMA Hedge Fund Manager, Arrested in Miami Beach  UpInArms   May-18-06 07:13 AM   #45 
  - Missing hedge fund manager arrested in Florida  UpInArms   May-18-06 11:40 AM   #85 
  - Southwest Louisiana struggles after forgotten storm (Rita)  UpInArms   May-18-06 07:20 AM   #46 
  - Wal-Mart files to sell 50 billion yen in notes (hmmm...)  UpInArms   May-18-06 07:21 AM   #47 
  - Patriot Act: Watch out: Your mutual fund could report you  UpInArms   May-18-06 07:31 AM   #49 
  - Treasuries flat before data, Fed officials  UpInArms   May-18-06 07:36 AM   #52 
  - Fed's Warsh-counterparty risk key hedge fund guide  UpInArms   May-18-06 08:27 AM   #58 
  - US Fed's Bernanke-Basel II rules improve oversight  UpInArms   May-18-06 08:35 AM   #61 
  - Fed adds reserves through overnight system repos  UpInArms   May-18-06 08:51 AM   #65 
  - Fed's Lacker says must not stifle bank innovation  UpInArms   May-18-06 09:56 AM   #75 
     - Bernanke-Fed has concerns abt new mortgage products  UpInArms   May-18-06 10:00 AM   #77 
  - pre-opening blather  UpInArms   May-18-06 08:28 AM   #59 
  - 9:34 EST All is Well in the Land of LaLa  UpInArms   May-18-06 08:36 AM   #62 
  - June Gold @ $694 oz - July Silver @ $13.21 oz - July Copper @ $3.72 lb  UpInArms   May-18-06 08:46 AM   #63 
  - Silver Now Below $13  OrangeCountyDemocrat   May-18-06 10:27 AM   #79 
     - Now $12.55 spot  markam   May-18-06 12:52 PM   #94 
        - A Little Correction Is Good  OrangeCountyDemocrat   May-18-06 02:10 PM   #97 
  - Make-Believe, Deceit Are Behind Latest Tax-Cut  54anickel   May-18-06 09:03 AM   #67 
  - One of the things I heard being discussed was...  AnneD   May-18-06 09:35 AM   #72 
     - Whatever works for youi, AnneD. Downside? Like Warthogs,  Ghost Dog   May-18-06 03:17 PM   #102 
        - I am a tad confused by the response....  AnneD   May-18-06 03:51 PM   #106 
  - love fades  ozymandius   May-18-06 09:36 AM   #73 
  - Extract from an article by the Daily Mail's Business  KCabotDullesMarxIII   May-18-06 10:18 AM   #78 
  - Interesting /(about time) comment.  Ghost Dog   May-18-06 02:32 PM   #98 
  - lunchtime check-in  ozymandius   May-18-06 11:15 AM   #80 
  - RadioShack reiterates turnaround plan - closing 480 stores  UpInArms   May-18-06 11:43 AM   #86 
  - Four Seasons puts focus on booming luxury market  Robbien   May-18-06 02:45 PM   #100 
     - You got that right.  ozymandius   May-18-06 03:27 PM   #103 
  - 12:45  ozymandius   May-18-06 11:46 AM   #87 
  - La La Land back after a big lunch  ozymandius   May-18-06 12:48 PM   #92 
  - singin' the blues toward the close of trading  ozymandius   May-18-06 02:43 PM   #99 
  - closing thud  ozymandius   May-18-06 03:29 PM   #105 
  - and the blather  ozymandius   May-18-06 03:55 PM   #107 
  - That's going to leave a mark.  RUMMYisFROSTED   May-18-06 07:50 PM   #110 
     - -514 in the last week ...  dweller   May-18-06 11:27 PM   #111 
 

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