Thursday, October 16, 2014

Were You Up At 2:30 This Morning?

I was.  Watched the spectacle of the folks at CNBmute bellowing about the stock market futures.  Told me and the few others watching that the futures indicated that the market would be down 200 points.  Always difficult to read body language.  Looked to me that they were enjoying themselves.  After all, market volatility usually results in increased viewership.

Well, here it is, two hours after the markets opened and the Dow is down a minuscule 5 points.  The more important S&P 500 is actually green.  So much for the stock market futures which is really a different market than the market during open-for-trading hours.

Maybe we can keep this momentum going.  That is unless the head of the Center For Disease Control, you know, the doctor who should be giving flu shots at Wal-Mart, makes yet another faux pas statement.  (His latest was condemning the nurse who flew on Frontier Airlines, learning later that one of his executives had cleared her for flying.)                                                                                        This is how CNBmute typically emphasizes market futures:

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