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cashcomstock. Where do you get the -6?

Below is the latest indexes future.

US Futures & Markets Indicators

Dec 2007	Change	Level	Last Update?
S&P 500	+1.60	1443.50	11/26 9:01am
Fair Value		NA	11/15 4:14am
Difference*		N/A
NASDAQ	+3.50	2036.00	11/26 8:56am
Fair Value		NA	11/15 4:14am
Difference*		N/A
Dow Jones	+24.00	13010.00	11/26 7:59am

 

Dear Pinnacle,

Any idea what has happened until the DJ future become - 6. That is a huge difference. No special news that I can find except the Europe CAC, FUTE 100 dropped.

 

Futures rise on strong holiday sales

Wall Street looked set for a higher open on Monday as futures rose on data showing the holiday shopping season got off to a robust start, defying concerns of a slowdown.

Internet retailers such as Amazon.com (AMZN.O: Quote, Profile, Research) and eBay (EBAY.O: Quote, Profile, Research) will likely be in the spotlight as the Monday following Thanksgiving is known as "Cyber Monday" when many employees returning to work go on-line to buy gifts.

Shares of credit card network MasterCard (MA.N: Quote, Profile, Research) could rise after brokerage Calyon lifted its price target on the stock to $260 from $225.

Retail sales nationwide rose 8.3 percent on the Friday following Thanksgiving compared with the same day a year ago, according to the National Retail Sales Estimate from ShopperTrak.

"The one big surprise coming into the morning is the prediction of the imminent death of consumer didn't come to fruition," said Arthur Hogan, chief market analyst at Jefferies & Co in New York. "Retailers are pretty oversold; they could get a lift."

Wal-Mart (WMT.N: Quote, Profile, Research) and Target (TGT.N: Quote, Profile, Research) could be big gainers after a survey showed almost 65 percent of people who shopped on Friday said one of the places they shopped was at a discount store, according to America's Research Group.

S&P 500 futures were up 3.9 points, above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Dow Jones industrial average futures rose 34 points, and Nasdaq 100 futures gained 6.75 points.

Deep discounts and extended hours drew more than 147 million shoppers to U.S. stores over the four-day Thanksgiving holiday shopping period, but average consumer spending fell, a retailers' group said on Sunday.

But the National Retail Federation said its survey showed the period's total spending results were "extremely similar" with last year, though it gave no total figures.

 

DJ future dropped to +24 now. :( Hope it will go up and hope DOW will up more than 50 pts tonight.

 

A Christmas beset with subprime-caused financial turmoil is hardly conducive to a festive rally...

 

Hey, stay positive. Its the season of giving. Time for market to give back to us. At least tonight may have a good opening. 

US Futures & Markets Indicators

Dec 2007	Change	Level	Last Update?
S&P 500	+11.30	1453.20	11/26 4:10am
Fair Value		NA	11/15 4:14am
Difference*		N/A
NASDAQ	+15.00	2047.50	11/26 4:09am
Fair Value		NA	11/15 4:14am
Difference*		N/A
Dow Jones	+87.00	13073.00	11/26 4:08am

 

Maniam... :)

That was a real great post!!!

In the meantime, it is good for all to get hold of this little package and master everything taught in it...
In this way, you will stand a proportionately high chance of making it in the market... Do yourself a favour!

Click => "This is it" 

 

Withdraw fr market and wait for opportunity is better than stay with it ..the market is alway there but not your money...what have we to lose....less profit???but the risk is more than benefit to stay ...alot of institutions will report losses and alot more will go under..

This turmoil is 4 month old and i believe there are more surprises ahead...have sold out...this is a suggestion only...follow at own risk...just ask yourself...do you  see what you want to see or see what is really there to see??I do not forsee doomsday scenario...the economy now is more coomplex than 1929..but it is still serious enought to cause a worldwide slowdown..recession..to cause you losses..wait till March ..the situation will be more transparent...let prepare for the worst and hope for the best...bye

 

I've always thought bears are gentle animals... => Click To See

 

Now this one for your reading pleasure...

http://www.321gold.com/editorials/russell/russell112307.html

...the winner is the one who loses the least.......good luck...let hope not.

 

Housing, dollar and oil on stocks' radar

New data on a depressed housing sector figures large in a fairly heavy schedule of economic reports due next week while the dollar and oil approach threshold levels that could prove unsettling.

"Investors are anxious to see any kind of bullish news because we sure haven't seen much lately," said Fred Dickson, market strategist and director of retail research at D.A. Davidson & Co. in Lake Oswego, Oregon.

Key concerns include whether the dollar falls through $1.50 against the euro and sets a new low, and whether oil hits $100 per barrel or higher, Dickson said. On Friday, U.S. crude oil for January delivery (CLF8: Quote, Profile, Research) settled at a record $98.18 a barrel, up almost 1 percent on the New York Mercantile Exchange.

Credit card groups will have reports on spending at the start of the Christmas shopping season for an early tip-off as to how the consumer is bearing up, Dickson noted.

Ed Maraccini, portfolio manager with Johnson Asset Management in Racine, Wisconsin, said he will be watching data on sales of existing homes and new homes due on Wednesday and Thursday, respectively, as well as the September S&P/Case-Shiller Home Price Indices due on Tuesday.

THREAT TO CONSUMER PSYCHE

Maraccini expects to see more evidence of falling home prices.

"I'm worried that it's going to affect the psyche of the consumer," Maraccini said. "Housing feeds into net worth, net worth feeds into consumer spending and spending drives the economy. There is a high correlation between the three."

Existing home sales, due on Wednesday, are expected to slow to a seasonally adjusted annual rate of 5.00 million units in October from 5.04 million in September, according to economists polled by Reuters. They forecast that new home sales, due on Thursday, also would decline -- to an annual rate of 750,000 units in October from 770,000 in September.

The Conference Board's survey on consumer confidence for November will be released on Tuesday. The index, which has been declining since August, is expected to fall further to 91.6 in November from 95.6 in October, according to a Reuters poll of economists.

Despite the heavy calendar of economic releases and a small number of quarterly earnings reports, many analysts are saying concerns about the credit markets are paramount.

"The market's going to have its ear cocked for news about financial stress," said Michael Metz, chief investment strategist at Oppenheimer & Co in New York. "The market is not really dependent on economic or earnings news."

D.A. Davidson's Dickson notes that the stock market has been closely tracking the pricing of mortgage debt obligations since July.

For the past week, the Dow Jones industrial average (.DJI: Quote, Profile, Research) fell 1.5 percent, the Standard & Poor's 500 Index (.SPX: Quote, Profile, Research) slipped 1.2 percent and the Nasdaq Composite Index (.IXIC: Quote, Profile, Research) dropped 1.5 percent.

For the year so far, though, the three major U.S. stock indexes remain in positive territory. The blue-chip Dow average is up 4.2 percent, while the S&P 500 is up 1.6 percent and the Nasdaq is up 7.5 percent for the year.

FED'S BEIGE BOOK AT MID-WEEK

Wednesday brings the Beige Book report on business activity in the 12 Federal Reserve bank districts. The data will be studied for clues as to whether the Fed will cut interest rates again at its next policy meeting on December 11.

Thursday will see new data on how much the economy grew in the third quarter. In the Reuters poll, the median forecast is that gross domestic product grew at a 4.8 percent annual pace. Initially, third-quarter GDP was estimated at 3.9 percent.

The third-quarter reading on the core personal consumption expenditures price index, also known as the core PCE index, is forecast at up 1.8 percent, consistent with the previous estimate. This inflation indicator is watched closely by the Fed, along with the monthly readings on the core PCE index that are included with income and spending data.

Other data includes October durable goods orders on Tuesday. The consensus sees no change from September, when orders fell 1.7 percent.

Personal income and spending data for October is due on Friday. The forecast is for an increase of 0.4 percent in incomes in October after a similar increase in September. Spending is seen rising 0.3 percent in October, again in line with the rise in the previous month. The core PCE index for October is forecast to gain 0.2 percent, the same as in September, according to the Reuters poll.

Construction spending, another report due on Friday, is expected to show a decline of 0.2 percent.

The Chicago Purchasing Managers Survey, also scheduled for release on Friday, is forecast to show a rise to 50.3 in November from 49.7 in October, the Reuters poll showed.

Survey readings above 50 indicate expansion and readings below that level show contraction.

Although there are just a few quarterly earnings reports on tap, some may cause ripples in the market, including retailers Staples Inc (SPLS.O: Quote, Profile, Research), Sears Holdings Corp (SHLD.O: Quote, Profile, Research) and Tiffany & Co (TIF.N: Quote, Profile, Research), as well as personal computer maker Dell Inc (DELL.O: Quote, Profile, Research) and ketchup king HJ Heinz Co (HNZ.N: Quote, Profile, Research).

 

We have a weak dollar and a high oil px...and the market rally..just the BBB games..to pass the baby for u to hold for a long time...dont be too carry away...there will be more down than up..the dow have a double top formation..that is technically bad...but of course it will not go down in a straight line..but down it will go...take care.do u know the dollar is at historical low...and with fomc on 11/12 another cut for sure will build up inflation and weaken the $ further...look the dollar is causing chao on every shore and causing every commodities on earth to soar!!...the problem is too hugh beyond understanding...this take year and more institutional failure to realise the truth..this so call credit turmoil.

But i do not forsee doomsday scenario..but rather gradual deflate bubble and a long drawn outrecession is all more possible now..that is good initially for commodities,resources and PM...remember these are px in $...these will soar...buy relate stock..

Weak dollar will cost more to import..this will cause a slowdown in consumption for US...US economy is 2/3 consumer base..that is bad for stock..the fed is toasted...increase or decrease..they are damned...good luck.