S&P futures down

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S&P futures on the Globex opened up about 5 points, but are now down about 5 points. I haven't been following the newswires, so I don't know if there is any specific explanation.

-- Dave (dannco@hotmail.com), January 02, 2000

Answers

Dave,

Look at Nasdaq 100. Another hour of this type of action and we'll start seeing those "imminent market crash" posts.

-- mike (maples@voy.net), January 02, 2000.


You guys got any links?

-- Think It (Through@Pollies.Duh), January 02, 2000.

A link please? Thanks!

-- Mello1 (Mello1@ix.netcom.com), January 02, 2000.

globex overnight quotes

Ray

-- Ray (ray@totacc.com), January 02, 2000.


Thank you!

-- Mello1 (mello1@ix. netcom.com), January 02, 2000.


Moore Research Delayed Night Quotes

Ray

-- Ray (ray@totacc.com), January 02, 2000.


Gee. Perhaps I am interpreting this correctly? There are a lot of negative red numbers here. I'm not a financial guru -- what does it mean? Does it mean what I think it means?

-- Mello1 (Mello1@ix.netcom .com), January 02, 2000.

Thanks for the link! Explanation seems to be the reverse flight to quality. Foreign currencies were up, u.s. indexes down.

-- collocated (collocated@home.now), January 02, 2000.

What has been happening for sometime now is the Indexes have been down for most of the overnight trading session then about an hour before the New York market opens in the am the averages revese and enter positive territory.

Ray

-- Ray (ray@totacc.com), January 02, 2000.


Precious Metals Spot Prices

Ray

-- Ray (ray@totacc.com), January 02, 2000.



While the futures are trading down, it is not as bad as it seems to be.

S&P futures off 3.40 at 1480.80, which is still almost 1% above Friday's close of 1469.25.

Nasdaq 100 off 30.20 at 3,724, or 16 above Friday's close of 3,708.

It could, of course get worse, but not panic time yet.

-- mike (maples@voy.net), January 02, 2000.


T-bonds trading at 5.57% - rates gonna go up bigtime!!!

-- Ishkabibble (ishman@home.com), January 02, 2000.

I saw comments from a number of analysts over the past couple of months which seemed to conclude that, if Y2K is not a traffic-stopper, all that liquidity that the Fed pumped out to ease the Y2K transition will be dried up quicklike.

I expect Mr. Greenspan to begin to "squeeze" the market by racheting up rates .25 or even .5 the first chance he gets. He has also shown that he hates being in the middle of "election yammer", so the Fed will likely work to get rate changes out of the way ASAP so as to avoid being part of the election rhetoric when it really heats up this summer.

-- DeeEmBee (macbeth1@pacbell.net), January 02, 2000.


Alan Greenspan will not escape from his mistakes.

-- dinosaur (dinosaur@williams-net.com), January 02, 2000.

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