Skip to comments.Dow Futures Fall As US Government Reopens
Posted on 10/17/2013 6:04:37 AM PDT by John W
Stock index futures suggest that the Dow Jones and S&P 500 may open lower this morning, as investors shrug off a temporary deal to reopen the US government and lift the debt ceiling.
European markets were unimpressed by the news from Washington, and edged lower through the morning.
US federal agencies will reopen today, but it may be a few days before the backlog of economic reports which were delayed by the government shutdown become available. Today's key report, the weekly jobless claims report, is due at 8.30am and is expected to show 335,000 new unemployment claims last week, down from 374,000 the previous week. September's housing starts, building permits, industrial production and capacity utilization reports -- all due today -- are all expected to be delayed
(Excerpt) Read more at fool.co.uk ...
Mark my words, zero will instigate something soon!
And NOW what ... they cave and the numbers go down ?
I may not know what I'm talking about ... but the numbers tell a story ... don't they?
At least a paragraph or two ... maybe a chapter of the tome ?
I’m sure today’s “statement” will include multiple shots across all our bows.
Being blamed on one bad report from IBM.
Not possible. All is well.
America gets a new Trillion Dollar credit card and the markets react negatively. Who’d have guessed?
I am starting to feel like I am being lied to by the MSM. It’s as if they want to manipulate me or others into believing the unbelievable.
Am I alone in this?
Hey didn’t the investors hear the news. Obama won. The shutdown is over and the debt limit has been raised. Blessed be Obama! $17 trillion in Federal debt, $110 trillion in unfunded liabilities, trillions more in state and municipal debt, wholesale dollar printing, continued deficit spending, endless rules and regulations to halt productive capitalism. Just a bunch of TEA party distractions. Obama rules.
Feels like we’ve lost a war ... that we didn’t know we were in...
Market should fall. Government is controlled by evil people who have this nation on a disaster course.
I was a trader at the CBOT for years. “ Buy the rumor, sell the fact”.
Exactly. I have advised this and (last Tuesday) did this.
Somewhere around 4-5% lower, before the end of October; back in.
Down 100 at the open.
How can this be?
The cloud over the District of Criminals has been removed; unicorns are pooping Skittles; dogs and cats are living together. . .
Reminds me of the scene in the movie Braveheart, where William Wallace (Mel Gibson) finds out only when the battle begins that a number of his allies (Mitch McConnell and assorted RHINOs) he was counting on to turn the tide, had been bought off by the king with new homes, titles and land,
LOL! I see what you did there. Clever. :)
Markets don’t appear to be really overjoyed about the rats and McAinal winning the debt ceiling battle for now:
Dow Down 0.46% Nasdaq Down 0.04% @ 7:30 am PDT, 10/17/2013