Farsight,
I am with you on DOW futures. The classic case was last Thursday when at 1500 the futures were +44 and at 2030 they had dropped to -124, - and we all know what happened the next day. I personnally have gone short on this market in the short term. There is growing concensus amongst the talking heads on CNBC and Bloomberg that there is a problem with the Sub-prime loans and these will have an adverse knock on affect on the markets. Given that we also have rising oil prices and interest rates and a possible change of government at the end of the year - I believe that we will see some more down before up.
JWM
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Last
8,590.7 |
Change
1.400(0.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.1 | 8,610.0 | 8,550.2 |
| XJO (ASX) Chart |