8.02.2010

MOVING UP AGAIN


Equity futures are way higher this morning with ES +13.5, NQ +21 and YM +110.


The SMA 200 looks to get tagged at the open as it sits at about 1115 - which is near where we should open.


And overseas in Europe the FTSE/CAC and DAX are each up about 2% so look for the equity markets to move up and continue the move to catch up with those 2% numbers.


Gold is down a bit at $1,180 and crude up a bit at/near $80.


The EURO is back to 1.30 while the dollar moves lower at 81.5.


And Dougie Kass shorting the SPY's here - I think a bit too early for that.


Some good links this morning:


David Stockman (you remember him) on how the GOP impacted the economy and the NYTIMES article;


Fernando on the truth about American unemployment;


Greenspan on MTP talking the tax cuts;


DB and 6 reasons to feel bullish about the economy;


BESPOKE and JULY asset class performance;


And Sarah back looking for help;


1 Comments:

Anonymous QUALITY STOCKS UNDER 5 DOLLARS said...

What a move.

5:00 PM  

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