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csco is rockin' AH real time. They hit the whisper # of .36. Look for follow through to start off the day on the Naz/Sfund & Ifund. OSMs will like tech success.
 
Briefing.com
08:30 am : S&P futures vs fair value: +6.2. Nasdaq futures vs fair value: +12.0. Both the S&P 500 and Nasdaq 100 futures are off their best levels but still trade above fair value, indicating decent follow-through for equities. With the Fed decision now in the rearview mirror and earnings season coming to an end, the stock market will be more apt to take a cue from action in Treasuries.
The yield on the 10-year note climbing five basis points in early action this morning to 4.82%, which is 14 basis points higher than where the benchmark yield finished Friday, is stalling some of the momentum in stocks.
Reports that Chinese officials have threatened to sell their Treasury holdings if the U.S. were to impose trade sanctions in an effort to force a yuan revaluation is removing some of the flight-to-quality bid that bonds have enjoyed over the last couple of weeks.
 
Tomorrow before the open of the many companies scheduled to report, look for the following: KDE, AMSC, ASN, ARCC, BCRX, EAT, CALP, CAH, CYCL, XTEX, CMLS, DTV, EIX, GILT, GSOL, HB, HDIX, IFOX, TVL, MGA, MGAM, OVRL, PRFT, SONE, SIRO, STXS, STRL, STP, RMIX, URBN, VG, and WNR.
 
Birchtree said:
I wish I could buy that whole list - but I'm out of money at the moment.
Click to expand...


Birch,

Out of curisoity(sp), how many stocks do you own. How many are loser/winner percent wise? Can you write off the losers against the winners on tax forms?

Sorry to post in this thread.. will you answer in your account talk. Please, just wondering how you can stand the pressure of all of these stocks, and it must be a full time effort to just keep up with them.

Thanks in advance.

Debbie
 
8:00am ET
[BRIEFING.COM] S&P futures vs fair value: -14.4. Nasdaq futures vs fair value: -14.8. After three consecutive sessions of gains that lifted the major indices more than 4.0% on average, renewed concerns about liquidity/credit risks suggest stocks will be subjected to a day of extensive profit taking. The latest shoe to drop has come from France's biggest bank, BNP Paribas. It has suspended withdrawals from three of funds valued at around $2.1 bln due to an inability to fairly value their holdings on account of the turmoil in the U.S. credit market. Even though BNP's exposure (which is less than 1.0% of total assets) seems relatively small, the announcement serves as a clear reminder that the headline risk remains real and that the volatility in trading conditions will persist.
 
8:00am ET
[BRIEFING.COM] S&P futures vs fair value: -21.1. Nasdaq futures vs fair value: -25.3. Early indications suggest stocks will pick up where they left off yesterday, trading sharply lower, as fears of a possible credit crunch continue to mount. Instead of soothing a nervous market, the ECB injecting another $83 bln into money markets appears to be confirming the worst, that the European banks' exposure to the subprime debacle is much larger than anticipated. The major European bourses are down 2.6% on average, roughly matching the average pullback on the Dow, S&P 500, and Nasdaq yesterday.
 
9:00am ET
[BRIEFING.COM] S&P futures vs fair value: -18.5. Nasdaq futures vs fair value: -24.8. Still shaping up to be another round of broad-based selling as the recent bounce in both the S&P 500 and Nasdaq 100 futures is short lived. Since credit risk exposure remains impossible to quantify, and the Financial sector is representative of so much influence on an S&P 500, the expected absence of its influential leadership is likely to again be the biggest thorn in the market's side. Exacerbating the aversion to own financial stocks has been more negative news out of Countrywide Financial (CFC). The stock is tumbling 16% in pre-market action after management said "unprecedented disruptions" in the mortgage market pose a threat to its financial condition.
 
weatherweenie said:
NEW YORK (Reuters) - U.S. regulators are scrutinizing the books of some top Wall Street brokers and investment banks for subprime-mortgage losses, according to a report in the online version of the Wall Street Journal.

http://biz.yahoo.com/rb/070810/sec_banks_inquiry.html?.v=3
Click to expand...

You beat me to it. I was just about to post this article from WSJ!

Opening from article:
Securities regulators are checking the books at top Wall Street brokerage firms and banks to make sure they aren't hiding losses in the subprime-mortgage meltdown, said people familiar with the inquiry.

The SEC is looking into whether Wall Street brokers are using consistent methods to calculate the value of subprime-mortgage assets in their own inventory, as well as assets held for customers such as hedge funds, the same people said. The concern: that the firms may not be marking down their inventory as aggressively as assets held by clients.
Click to expand...
 
... so, as the SEC and the media learn to peel back these layers, this beast is bound to get uglier.... butt-fugly.
 
http://biz.yahoo.com/cnnm/070810/081007_fed_rates.html?.v=5

CNNMoney.com
Should the Fed cut interest rates now to ease credit fears?
Friday August 10, 12:24 pm ET
By Paul R. La Monica, CNNMoney.com editor at large

Is it time for Fed chair Ben Bernanke to take a page from his predecessor's book and lower interest rates to soothe a jittery market? Or will the news that the Fed injected $35 billion into the U.S. banking system Friday be enough to save Wall Street?
 
A source of upset is a recent report by CNBC that Renaissance, a widely-followed and large hedge fund, has sent a letter to investors noting an 8.7% loss in August.
 
weatherweenie said:
A source of upset is a recent report by CNBC that Renaissance, a widely-followed and large hedge fund, has sent a letter to investors noting an 8.7% loss in August.
Click to expand...

I guess that shouldn't be too big of a loss considering how much downside swings we've had so far. Multiply the average loss by the amount of leverage the hedge fund is using and I'm surprised it's not more than 8.7% loss.
 
08:30 am : S&P futures vs fair value: +9.5. Nasdaq futures vs fair value: +16.0. Futures indications are now trading at their best levels of the morning and pointing to an even stronger start for stocks following key economic data. As expected, retails sales rebounded in July with a modest 0.3% rise (consensus 0.2%) and following a favorable revision to the June data.
The more closely-watched sales, ex-autos, rose 0.4%. That matched economists' forecasts but helps to ease some of the disappointment from last Thursday's weaker than expected same-store sales figures which signaled a more challenging spending environment.
 
HHUUMMMmm is more better?

Fed injects $2B more into banking system

Central bank supplies liquidity again in an effort to calm fears about credit crunch.

August 13 2007: 9:54 AM EDT


NEW YORK (CNNMoney.com) -- The Federal Reserve injected an additional $2 billion of liquidity into the banking system Monday, marking the second time in as many sessions that the central bank has taken steps to help sooth a jittery stock market.
On Friday, the central bank injected $38 billion into the U.S. banking system in an effort to cool Wall Street fears about a credit crunch.
Will the Fed save the day?

Before the market opened, the New York Fed said in a statement it was ready to conduct additional operations during the day as needed.
On Wall Street, stocks moved higher at the start of the session.
Foreign banks have taken similar action, with the European Central Bank adding another $65 billion into the European banking system Monday, the third session in a row. http://money.cnn.com/2007/08/13/markets/fed_markets/index.htm?postversion=2007081309
 
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