Interesting Reads on S&P Futures, Valuations
The major U.S. indexes are holding their ground again today after another weak lead-in from Asian and European markets. S&P futures foretold another weak day as they had on Friday, but on both occasions the futures seemed to be looking backward rather than ahead. An interesting Bloomberg piece from earlier today puts some statistics behind [...]
DJIA, S&P Futures Trade Limit-Down; Today Smells of Capitulation
This could be (and by God it should be) the day of capitulation and panic selling that most of the veteran eyes have been watching for. DJIA futures are limit-down at 550 below yesterday’s close, with similar results for the S&P 500 down 60.
Selling pressure was already high before the futures opened up on the [...]




