Thread: Market News

[BRIEFING.COM] S&P futures vs fair value: +9.50. Nasdaq futures vs fair value: +13.50. Futures gain some ground as Warren Buffett gets interviewed on CNBC. Buffett said in five to ten years we will look back and see that there were some extraordinary buying opportunities. Buffet added that Congress needs to pass the Treasury's plan, and he would not have invested in Goldman if he thought a government plan would not go through.

[BRIEFING.COM] S&P futures vs fair value: +7.00. Nasdaq futures vs fair value: +10.30. Stock futures suggest a higher open for the stock market. Crude oil is trading up 2.4% to $109.12 per barrel ahead of the government's weekly energy report at 10:35 ET.

Treasury officials denied an AP report that Secretary Henry Paulson had agreed to accept limits on pay packages for executives whose companies benefit from a proposed $700 billion financial bailout.

NYSE Regulation CEO expects that the Securities and Exchange Commission will extend its emergency ban on short-selling beyond Oct. 2, to the 30-day total duration maximum, according to Reuters.

President Bush will be serving huge sugar-coated turds in about 17 minutes. Get yur plastic forks and paper plates middle-class folk. There's going to be plenty for all.

http://www.urbandictionary.com/defin...=Crap+Sandwich

I wish Bush would have further defined who the "some" were that were irresponsible and greedy acquiring mortgages they were not qualified to obtain and now aren't making their payments. Fannie and Freddie know as well as does Nobama.

Eh... ww; it's a rescue plan now.

I know, I made the same mistake too tonite. W is calling it a "Rescue" plan. I missed it. Man, this changes everything. We have to save the middle-class from grave financial destruction; no jobs, no retirement, no loans; complete ruin.

AH, WHO IS HE TRYING TO FOOL, GDI!!!! THIS BAILOUT PLAN IS A PILE OF "BUSH-IT."

Originally Posted by weatherweenie

Treasury officials denied an AP report that Secretary Henry Paulson had agreed to accept limits on pay packages for executives whose companies benefit from a proposed $700 billion financial bailout.

08:30 am : S&P futures vs fair value: +12.00. Nasdaq futures vs fair value: +15.30. Some economic data has just hit the wires, causing futures to dip a bit after rising earlier. August durable goods orders slipped 4.5%, which is worse than the 1.9% decline that was widely expected. Prior month orders were downwardly revised to reflect a 0.8% increase. Excluding transportation, orders were down 3.0%. Economists were expecting a 0.5% decline after the downwardly revised 0.1% increase in the preceding month. Initial jobless claims for the week ending September 20 totaled 493,000, up 32,000 week-over-week. The latest results were worse than the 450,000 claims that were expected.

09:01 am : S&P futures vs fair value: +9.40. Nasdaq futures vs fair value: +12.30. Stock futures continue to indicate an upward start to the trading session. Futures, however, are off their best level of the morning. In a CNBC interview, bond guru Bill Gross stated the unemployment rate could end up around 7% and the economy is not looking good for 2009. Oil futures are currently more than 1% lower, trading below $105 per barrel.

Originally Posted by weatherweenie

09:01 am : S&P futures vs fair value: +9.40. Nasdaq futures vs fair value: +12.30. Stock futures continue to indicate an upward start to the trading session. Futures, however, are off their best level of the morning. In a CNBC interview, bond guru Bill Gross stated the unemployment rate could end up around 7% and the economy is not looking good for 2009. Oil futures are currently more than 1% lower, trading below $105 per barrel.

CAN SOMEONE READ THE FOLLOWING AND TELL ME WHY THE MARKET IS UP?????
Stocks Surge on Bailout Hopes- AP


Stocks are higher in early trading as government officials move closer to a deal aimed at saving the crippled financial system. But a credit market squeeze has intensified as doubts about the plan's effectiveness drive demand for very short-term, safe-haven assets including three-month Treasury bills.

• Deal close on $700 billion financial bailout plan- AP
• New home sales hit17-year low, prices fall record amount- AP
• Jobless claims pushed to 7-year high- AP
• GE lowers profit guidance, suspends stock buybacks- AP
• August durable goods orders down sharply- Reuters
• Oil price dips on supply, economic uncertainties- AP
• Occidental to buy western oil fields for $1.25B- AP
• Discover 3Q profit dips 11 percent- AP

Go to http://finance.yahoo.com/ to get the links to the stories.

It's the exact opposite of what I was thinking should happen: profits down, unemployment up, record housing prices, profits lower - and the market goes up??? I can't believe there is this many "bargain" hunters all on one day. I see a sell-off this afternoon!!!!