Thread: Pick The Dow
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Old 08-07-2008, 10:08 AM
bazanster2 bazanster2 is offline
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Join Date: Jul 2001
Posts: 5,558
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BG,

Another good call yesterday, keep rolling.

Agree with you today.
Seems that the Market has entired a more optimistic period.
Lower oil prices have helped.
Betting against 3 straight Up days.

Going with DOWN on Thursday.

Economic Reports:
Intial Claims 8:30 am(Eastern)
Pending Home Sales 10:00am(Eastern)
Consumer Credit 3:00am(Eastern)


Futures suggest a lower open after disappointing results from two Dow components.
AIG (AIG) reported a second quarter loss.
Shares of Wal-Mart (WMT) are down 3.4% in premarket trading after the company reported
July same-store sales rose 3%, which fell short of the Briefing.com consensus that called for 3.3% growth.

Meanwhile, crude prices are up 1.7% to $120.60 per barrel, which follows
a drop of more than 5% over the three previous sessions.

Initial jobless claims increased by 7,000 to 455,000 in the week ended Aug. 2the most since March 2002,
from 448,000 the prior week. The number of continuing claims increased to a four-year high.

As expected, the European Central Bank left its benchmark unchanged at 4.25%,
and the Bank of England left its rate at 5.00%.


gl,


baz
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