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Reply #35: foreboding futures numbers and pre-opening blather [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 08:32 AM
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35. foreboding futures numbers and pre-opening blather
09. Dow industrials futures down 114 pts at 12,160
8:06 AM ET, Mar 01, 2007 - 23 minutes ago

12. S&P 500 futures down 16.80 at 1,392.10
8:05 AM ET, Mar 01, 2007 - 24 minutes ago

14. Nasdaq 100 futures down 23.00 at 1,742.50
8:05 AM ET, Mar 01, 2007 - 24 minutes ago

08:00 am : S&P futures vs fair value: -12.8. Nasdaq futures vs fair value: -19.0. Early indications continue to deteriorate, suggesting yesterday's modest rebound will be met with another day of aggressive selling. In fact, recognition that Wednesday's recovery effort wasn't all that convincing when measured against such a meltdown on Tuesday creates an added sense of uneasiness.

With Tuesday's sell-off shifting the balance of sentiment and focus to everything negative, the implications that today’s influential economic data can have on Fed policy and the market's mentality on consumer spending activity are also weighing on sentiment. The upcoming personal income and spending report (8:30 ET) will be watched most closely since it contains the core-PCE deflator -- the Fed's favored inflation measure.

06:17 am : FTSE...6218.40...+46.90...+0.8%. DAX...6741.13...+25.69...+0.4%.

06:17 am : S&P futures vs fair value: +2.2. Nasdaq futures vs fair value: +9.5.

06:17 am : Nikkei...17453.51...-150.61...-0.9%. Hang

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