Wednesday, October 26, 2011

Market comments for Oct. 26th, 2011

The stock market Futures point to a positive open, as the world waits in anticipation of meeting in Europe over the debt crisis. Germany's Lower House of Parliament voted that they would support an increase to the European Stability Fund and supported Merkel to help to bail out Greece, as they will be contributing a significant share of the overall bailout from their funds. That created the bump in the Futures this morning.

Back here in the US, the data this morning on Durable Goods orders for September was not good, coming in at -0.8%, but the spin by the media focused not on this number, but rather Durable Goods-ex Transportation, which came in at 1.7%. Isn't spin wonderful.

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Anonymous Anonymous said...

It looks as though the positive is outweighing the negative. The manipulaters have been able to remain in control of the sway for some time. This has kept any significant drop from occuring.

12:06 PM  

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