Reply #29: pre-open numbers and blather [View All]

[ozymandius]

08:00 am : S&P futures vs fair value: -6.7. Nasdaq futures vs fair value: -4.3. Early indications suggest last week's broad-based selling efforts will carry over into this morning's open. While there is little in the way of specific news to account for the negative disposition, concerns related to the unknown risks in the credit market are still running high.

Fears that a credit crunch is developing and potentially signaling an end to the LBO buyout boom that has provided so much support for equities this year is further echoed in the fact that today doesn't mark a Monday of any blockbuster deal making.