Reply #25: bidness being dealt

[ozymandius]

9:36
Dow 13,226.45 Down 10.08 (0.08%)
Nasdaq 2,544.74 Up 2.50 (0.10%)
S&P 500 1,454.03 Up 1.11 (0.08%)
10-Yr Bond 4.81% Up 0.032
NYSE Volume 104,281,000
Nasdaq Volume 60,085,000

09:00 am : S&P futures vs fair value: +3.0. Nasdaq futures vs fair value: +3.0. The futures market is now trading near it best levels of the morning, now suggesting the major averages may open on a slightly upbeat note.

Since there is little in the way of any specific news to account for the improved disposition, especially since Wal-Mart (WMT) continues to trend lower into the opening bell (shares are now down 5%), the absence of any news involving hedge fund blowups due to the credit turmoil, and the belief that stocks still look oversold on a short-term basis, appear to be giving bargain hunters another opportunity to jump back in.