Thursday, September 24, 2009

The Market On Thursday

At 8:00 a.m. futures are slightly down, oil is down around $68 per barrel, and world stocks are down. Its not looking fluffy.

Investors are now worried that governments are going to start pulling back on their "extraordinary" measures to stimulate economies. I may ease their minds and go down and give them my piggy bank. A G20 meeting begins today in Pittsburgh.

Worry, optimism, fear, worry, optimism, fear, its like a bad love story.

Reuters: Stock futures flat as G20, data on housing and jobs eyed
...investors awaited data on home sales and jobless claims for an indication of the state of the economy following a sharp sell-off in the last session.

...sales of existing homes are expected to have risen...

A meeting of the Group of 20 nations leaders in Pittsburgh starts on Thursday...

1 comment:

Glynn Kalara said...

OIL is tumbling!! Anyone want a 2002 Nissan Pathfinder cheap?