Tuesday, January 6, 2009

Futures Higher

Oil is back over $50 so far this morning and there's a full slate of data due for release today, with November factory orders, the Institute of Supply Management's non-manufacturing index for December, and November pending sales all due at around 10 a.m. Eastern. And don't forget we have the all important unemployment number on Friday. Also scheduled for release, at 2 p.m., are minutes from the last meeting of the Federal Reserve's interest-rate setting committee.

Earnings are around the corner and unemployment is on deck so flexibility is key here. Good luck today.


Garo's said...

On the second half of your cartoon, you could also say "West reacts to two year long illegal blockade of Gaza which prevents food and medicine from reaching children" or "West reacts to killing of 550 Palestinians" etc. etc.

Let us just look at the plain numbers killed on both sides. That is all we need to know.

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.