Skip to comments.After Hours (US Stock Futures lower)
Posted on 05/06/2012 6:27:51 PM PDT by Signalman
DJIA down 123 pts (.95%)
NASDAQ down 29.50 pts (-1.12%)
S&P down 13.8 pts (-1.01%)
Also: Japan Nikkei down 2.40%
(Excerpt) Read more at money.cnn.com ...
Liberty Equality Fraternity. Guillotine .
You KNOW the politicians know a lot more than we do. I believe they know there is a crash coming that nobody will be able to pull us out of. So now they’re all setting up retirements for them and their descendents.
To be a fly on the wall and know what *retirements* they're setting up...
Do you have any idea how those Futures charts are supposed to be interpreted?
It shows the Dow down 117, but the level it quotes corresponding to that 117 is nearly 200 points below Friday’s close.
I’ve been trying to make sense of those things for several years now, and having no luck.
It’s very rare indeed for U.S. stocks to open way down and then just keep going. It’s virtually always the time honored trick of faking a panic, buying in the first couple of minutes of trading (which contains the low of the day), then selling it back when things get back to even at 1:15 PM EST or so.
Me, I’ll be trying that buying trick tomorrow morning with silver, if They let it below $30.
I’m so sick of all politicians. I don’t trust any of them. They all lie. They think of themselves as royalty. And they all cash in once they’re in office. If they don’t it ain’t because they didn’t try.
Re: Interpreting Dow Futures
thanks for asking — I’d like to know too.
It has been down -182 all day and then in the last hour or so is down -123 but it does not add up to Friday’s close like you say.
The Euro trading at 129. Down 3 today.
This guy has all the futures on his blog about France.
Bump for later
Bump for later
The key to understanding the difference, if you are so inclined, is to google “djia futures fair value” and poke around a little. The price of the futures contract, which is what you are seeing now, can vary from “fair value” in either direction. That price takes into account not just the prices of the stocks, but dividends and how much time remains in the contract.
I don’t think the average investor really needs to care about the difference (I don’t) — it’s for the big money guys who run the computer buy and sell programs.
I can help with retirement plans. There are many undecorated lampposts around here.
Better make that two terms to google for: “djia futures” “fair value” instead of all in one phrase.
You would think oil would be up since Israel just lost an ally.