Futures and Pre-Market data

Discussion in 'Stock Market' started by NOBama, Dec 8, 2008.

  1. NOBama
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    NOBama Senior Member

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    CNBC

    Looks like a strong open today, but can it hold?
     
  2. DavidS
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    DavidS Anti-Tea Party Member

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    Trying to guess the stock market and its reaction to news is like trying to figure out a woman on the first date. We have horrible unemployment numbers and the market is up... WAY up. 220 right now.

    When the market receives bad news, it's supposed to go down. When it receives good news, it's supposed to go up. Why isn't it behaving like this?
     
  3. NOBama
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    NOBama Senior Member

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    Déjà Vu… This reminds me of 1 ½yrs ago when companies were reporting excellent earnings/outlook and getting taken to the wood shed for their efforts. IMO, that’s because W St., knew what we didn’t know.

    If history repeats itself, well learn what’s changed AFTER the real money is made.

    Same ole same ole…
     
  4. editec
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    editec Mr. Forgot-it-All

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    What exactly leads you to think it looks stong, NO?

    Serious question, not a refutation of your analysis.
     
  5. Paulie
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    Paulie Platinum Member

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    Pre-market futures for the DOW were up 280+.

    I think that's what he was saying. Whether or not that's considered "strong" is up for debate, I suppose.
     
  6. DavidS
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    DavidS Anti-Tea Party Member

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    Why wouldn't that be considered strong?
     
  7. Paulie
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    Paulie Platinum Member

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    I didn't necessarily say it wasn't. Let's just see how the market moves, and we'll see how strong it really is.
     
  8. NOBama
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    NOBama Senior Member

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    Plus: World indices, more money being dumped into the banks today, the auto makers about to rip us off for 15B$, and the strange behavior of the market last Friday.
     
  9. DavidS
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    DavidS Anti-Tea Party Member

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    Strange wouldn't describe it. The most job losses in 34 years and the market shoots up. You need heart medication to follow this market.
     
  10. Paulie
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    Paulie Platinum Member

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    Exactly why I might question the strength of 280 in just pre-market.
     

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