Thursday, October 23, 2008

Tame Futures

Good Morning! Futures seem to be fairly tame this morning (less than 1% move). Home foreclosures rose 71% in the third quarter, Goldman is cutting jobs, and more moves by GM to cut costs are topping headlines. Oil showed some strength earlier this morning but is back off a little. Likewise the dollar is starting to slow its sky high upward path. Initial jobless claims also increased more than expected and once again reignited the "D" word in the media. Let's see if we can find a short term bottom soon!