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FAS posts

U.S. Futures Trading Lower Ahead of Economic Data

Posted Nov 30th 2010 8:30AM by Jason Raznick (RSS feed)
Filed under: Before the Bell, Commodities

U.S. stock futures are lower, this morning as investors are awaiting economic data. Futures for the Dow Jones Industrial Average are down 10 points to 11,029.00, while those for the S&P 500 are down 0.60 point to 1,185.90. Futures for the Nasdaq 100 index lost 1.50 points to 2,144.00.

U.S. stock markets closed lower yesterday, with the Dow losing 0.36%.

Economic data on Case-Shiller home prices for September and the Chicago PMI index for November business activity are due at 9:00 a.m. and 9:45 a.m. ET, respectively. The Conference Board is set to release November consumer-confidence data at 10 a.m. ET.

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Caution: Dangerous Week Ahead

Posted Apr 13th 2009 3:40PM by Todd Harrison (RSS feed)
Filed under: Forecasts, Google (GOOG), Intel (INTC), Citigroup Inc. (C), JPMorgan Chase (JPM), Goldman Sachs Group (GS)

This post was written by Minyanville contributor James Kostohryz
I believe that the market is currently poised in a binary position.

Better than expected earnings and/or guidance by the major banks and/or other major companies this week could send the S&P 500 flying past its 200 day moving average triggering a wave of long purchases and short covering (note that short interest has been rising sharply in the past few days).

On the other hand, disappointment from any of the major financials such as Goldman Sachs(NYSE:GS), JP Morgan (NYSE:JPM) or Citigroup(NYSE:C) and/or major companies reporting this week such as Intel (NASDAQ:INTC)or Google(NASDAQ:GOOG)could send the market reeling into a quick 10% correction.

Here is my baseline view of the week, subject to change at any moment.

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Hedge Fund Apocalypse: Massive short squeeze on Citi could wipe out dinosaur funds

Posted Mar 19th 2009 4:40PM by Alex Salkever (RSS feed)
Filed under: Bad News, Rumors, Short Stories, Citigroup Inc. (C), Money and Finance Today, Headline News

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While Ben Bernanke's announcement that the Fed was buying Treasuries and sucking up bad mortgages was the cosmetic reason for financials to soar, an equally compelling reason may have been the massive but little-noted short squeeze that the announcement, combined with large government purchases of stakes in these companies, engendered.

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