1:30pm (EST) “Momma’s got a squeezebox she wears on her chest and when Daddy comes home he never gets no rest”… “Come on and squeeze me…” This song by The Who has to sum up how the bears are feeling today. The bulls have been singing all morning after theRead more
Market Pops Then Drops
MomentumOptionsTrading.com NEW TRADE for 12/04/09
Jobs Number Surprises, Big Open Expected
9:15am (EST) Futures are pointing towards a higher open after the market got a great non-farm payroll report this morning. U.S. employers cut a fewer-than-expected 11,000 jobs last month, the smallest decline since the start of the recession in December 2007. The news strongly suggests the deterioration in the labor marketRead more
Bernanke Gets Blasted
Market Set To Open Slightly Higher
American International Group Could Hit $40
Apple Downgraded, RIMM Continues Lower
Apple (AAPL, $109.88, down $18.36) is down sharply this morning after a couple of analysts downgraded the stock. RBC Capital lowered Apple’s stock from “outperform” to “sector perform” while Morgan Stanley (MS, $22.41, down $2.34) shifted gears from “overweight” to “equal weight”. Morgan’s price target for the stock was alsoRead more