Investors apparently like what they heard from Obama last night otherwise futures would be way down. Recall what occurred when Obama announced possible regulations in banking. Fizzle time.
Ford is now profitable and so cash for clunkers did have an impact. Amazing is it not, Ford is the company that drove through the big three US automakers traffic jam while the remaining two are in a totaled head on.
Bernanke allegedly will be back, the Fed kept interest rates flat, and Apple is all about the tablet or pad as it were. The horses will either fly at 9:00 a.m. or stumble and seem tired.
At 8:30 a.m. investors will get some data on employment and economic activity which they may interpret as the pulse of the economy. So even though futures are up, things could go south real fast and in a real hurry. I would say 8:30 a.m. makes or breaks today's market activity.
CNN: Stocks poised to drive forward
The Labor Department will release its weekly report on initial jobless claims before the open. The number of people filing for unemployment benefits for the first time is expected to have totaled 450,000 in the week ended Jan. 23...Reuters: Stock futures up after Obama speech, Procter, Ford earns
...December durable good orders are expected to rise. The National Activity index for December is also on tap, with all the data scheduled for release at 8:30 a.m. EST.
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