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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Pre-market Open News & Notes For Friday
"U.S. stock futures dropped Friday after data showing that employment actually contracted during August, with Harley-Davidson slashing its earnings forecast and former Federal Reserve Chairman Alan Greenspan saying he sees parallels between the current situation and the stock-market crash of 1987."
Gold for December delivery closed $2.80 lower at $717.90 an ounce on the New York Mercantile Exchange, recouping some of its losses after dropping to a low of $712.
The influential Retail Index ($RLX +2.06%) and financial stocks helped give a boost to the major averages on Thursday, with the Broker/Dealer Index ($XBD +2.58%) and Bank Index ($BKX +1.28%) posting solid gains. The Gold & Silver ($XAU +1.16%) and Integrated Oil ($XOI +1.00%) indexes tacked on gains while the Oil Services Index ($OSX +0.09%) only edged higher. The Networking Index ($NWX -1.97%) was a standout laggard in the tech sector while the Biotechnology Index ($BTK -0.49%) and Semiconductor Index ($SOX -0.41%) ended with smaller losses. The Internet Index ($DOT +0.11%) closed slightly higher.
The Dow Jones Industrial Average managed to close a few points above its 50-day moving average (DMA) line on Thursday. The Retail Index ($RLX +2.06%) ended off its session high while trying to rally up to its 50-day moving average (DMA) line, where it stalled on its prior rally attempt.
Every Fed interest tightening of the past 50 years has led to some form of financial crisis -- this one, too. But we''ve also recovered handsomely from each one. And stocks have gone higher.
From 24/7 Wall St.:
- Pre-Market Analyst Calls (September 14, 2007)
- Media Digest 9/14/2007 Reuters, WSJ, NYTimes, FT, Barron''s
- Asia Markets 9/14/2007
From Trading Markets:
From MarketWatch:
- Upgrades / Downgrades / Initiations for today
- Stocks in focus for Friday
- Thursday''s biggest stock gainers and decliners
Wall Street Breakfast - What you need to know in early trading today.
Futures Spotlight & The Trend Trader for Friday from Barchart.com
IBD''s Top 10 - Thursday from IBD- There were 51 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page - {sign up is free}
The public will believe anything, so long as it is not founded on truth. – Dame Edith Sitwell (1887 – 1964)
- Market Wrap Links For Week Ending 7/25:
- Prudential, Keller Williams Agents Get Top Ratings
- What Is Washington Smoking?
- Pre-market Open News & Links For Friday
- How Housing Rescue Bill Can Help You
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- Millionaire Now!
- The 7 Steps to Millionaire Now!
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- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
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- Ludwig von Mises Institute
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NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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