8/9/11 - Stock Futures UP 305 points, Is the market going to recover now? (investor, stock market)
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Stock futures right now are up 305 points (3:30am).
Yesterday devastated many stocks and investors. Are you worried about a 2008 stock market crash? I'm not.
S&P's downgrade is the reason stocks declined sharply on Monday. Why? Because supposedly investing in US treasuries is now more risky. However, since the downgrade there has been a huge spike in US treasuries. People are moving their money from the stock market to put into US Treasuries because they are afraid that S&P's downgrade will hurt treasuries.
I'm lacking sleep and off to bed now, but it seems odd that only 2 hrs ago many networks/radio and so on were predicting a depression coming and now many are saying futures are up and things will be fine. I hope to wake to good news. But with the U.S debt, unemployment, wars and so on I just dont see this ending well.
Yet like I always say, be prepared, think positive and be safe all!
The market is oversold. It most likely will have a small rally until it resumes its way downward. This is of course without another QE which could cause a longer term upward rally.
People are moving their money from the stock market to put into US Treasuries because they are afraid that S&P's downgrade will hurt treasuries.
Funny, but not really.
Asia seems to be stabilizing right now and Europe also appears to be leveling off.
Lets see what happens.
Quote:
Originally Posted by las vegas drunk
The market is oversold. It most likely will have a small rally until it resumes its way downward. This is of course without another QE which could cause a longer term upward rally.
That's what I'm thinking. A quick dead cat bounce and then some more selling before we see the floor.
Stock futures right now are up 305 points (3:30am).
Yesterday devastated many stocks and investors. Are you worried about a 2008 stock market crash? I'm not.
S&P's downgrade is the reason stocks declined sharply on Monday. Why? Because supposedly investing in US treasuries is now more risky. However, since the downgrade there has been a huge spike in US treasuries. People are moving their money from the stock market to put into US Treasuries because they are afraid that S&P's downgrade will hurt treasuries.
They must have significantly changed since 3:30am. As of 3:58am they are up to only 10,837. A mere 27 points over yesterday's close is nothing to get excited about.
They must have significantly changed since 3:30am. As of 3:58am they are up to only 10,837. A mere 27 points over yesterday's close is another to get excited about.
Reports change by the minute. Now they are predicting an open at 100 up, others fear it wont last long and the day will be horrible once again.
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