Wednesday, November 19, 2008

The Market On Wednesday

Futures are down so stocks will open lower. The best case scenario would be like yesterday when out of the blue, there was a spike in prices ending with a bang.

Hey, we are saying the DOW will oscillate between 7500 and 9500ish. That could be a little too optimistic.

Reuters: Stock futures sink ahead of data; autos eyed
Stock futures pointed to a lower Wall Street open on Wednesday, signaling a reversal of Tuesday's gains. Dow Jones futures were down 1.4 percent, S&P 500 futures were down 1.5 percent and Nasdaq futures were down 2.2 percent at 4:30 a.m. EST.

3 comments:

Glynn Kalara said...

Who has $$ too buy autos? The AC Expressway Authority is in lala land as well. They just raised tolls to $3 one way. They're reason the booming economy in AC! LOL, the people that run this corrupt little fiefdom must have been reading 2004 newspapers to get their data. This typical though of NJ State so called authorities. The people that run them are completely out of control ( literally.) They charge the tax payers for everything and pocket the profits then raise tolls to further feather their extravagant pay checks, benefits, etc. It's gotta stop were bankrupt in NJ folks!

Jim Sande said...

We've seen this before countless times. In order to raise money you sue or tax the people that have no money thereby creating a further burdon on the have nots and ultimately gaining little in return especially in a recession. Banks are doing this now as well, its absurd. Raising interest rates on mortgages and credit cards to make up for losses, thereby forcing more people into default. The financial managers of this country have their collective heads up their asses. They have the vision foresight of a blind man in a cave under a rock slide.

Glynn Kalara said...

They have the top boss screaming make $$ or lose your job peasant. The scarier things get the more power and the nastier the boss gets. He or she cares nothing for excuses they want MORE and they want it NOW! You can't deliver they toss u and get another person and another and another and another and another and another and another and another and another and another & another &another &another..........zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz