« For Every Season, Turn, Turn, Turn | Main | Oil Getting Pounded Again This Morning »

September 15, 2008

Fasten Your Seat Belts. It's Gonna Be a Bumpy

...ride, judging by the futures.

09:18 ET Dow , Nasdaq , S&P : [BRIEFING.COM] S&P futures vs fair value: -43.60. Nasdaq futures vs fair value: -52.80. Futures are on the defensive, with a worse-than-expected economic reading not helping matters. Just hitting the wires, August industrial production fell 1.1% in August (consensus -0.3%) and capacity fell by one percentage point to 78.7% (consensus 79.6%). In deal news, Long Drugs Stores (LDG) confirmed earlier today that Walgreen (WAG) expressed unsolicited interest of $75.00 per share in cash for all outstanding shares of LDG. CVS Caremark (CVS) and Longs entered a merger agreement at $71.50 per share in August. Nasdaq at... NYSE Adv/Dec 0/0... Nasdaq Adv/Dec 0/0.

Posted by tree hugging sister at September 15, 2008 09:32 AM

Comments

And a bumpy ride it was, with the Dow down 4.42 pct, S&P 4.71 and NASDAQ 3.6. And it's only Monday. Cash, even at one pct is looking attractive.

Posted by: Retread at September 15, 2008 06:50 PM

This could be the big one.It is surprising that
gold isn't rising in price.Oil is going down,also.
This isn't the fifth wave,in my opinion,it will
come in October like in 1929.But,it is close.
Years of letting foreigners run are government
will soon mean total collapse.The USA has become
a rudderless ship and eventually will hit the rocks.
The sad thing is we won't know when it happens.Even in
1929, the newspapers and politicans kept saying it
was only a temporary setback.As late as 1934,the politicians were saying the economy was rebounding..

Posted by: greg newson at September 15, 2008 11:34 PM

DXx36g

Posted by: Luquzuwv at July 15, 2009 06:48 AM

DXx36g

Posted by: Luquzuwv at July 15, 2009 06:48 AM