Dow Futures are UP 161 tomorrow

[scheming daemons]

Looks like some of the loss might come back tomorrow...at least at the start of business.

http://www.cnbc.com/id/17689937



I think the markets are still holding their breath, expecting congress to come through before the end of the week.... so I think the market will hang around 10000 to 10500 until and unless the deal is dead completely (then there'll be a 1000 point drop) or passed (then there'll be a 750-1000 point gain).


Barring anything major, I think we'll trudge through tomorrow with investors hanging back. Low volume.

[PBS Poll-435]

1. The only reason for that is tomorrow is September 30th.

And you all know what that means.

[anigbrowl]

2. They're waiting the for the Bush speech at 7:45 am EST.

http://www.reuters.com/article/bondsNews/idUSN2941323320080930

He may announce an executive order granting the powers sought by the treasury (my personal guess; can't think of any other reason for him to want to get on TV before the markets open).

[TheDonkey]

3. the stocks won't stay down. Smart investors know that the gov't will come with a bailout

eventually and stocks are valued in the long-term and long term valuations have not changed. The markets will probably be up 3-4% tomorrow.