Weekend Headlines
Bloomberg:
- Credit Swaps Show Fear, Not Reality, Executives Say.
- European Central Bank council member Ewald Nowotny said stimulation of the economy is the central bank’s main mission at the moment.
Wall Street Journal:
MarketWatch.com:
NY Times:
- Media Pave the Way to 3rd Term for Bloomberg.
The Economist:
Crain’s
Reuters:
Financial Times:
- Battle for business begins as military hostilities in Iraq take peaceful turn.
The Independent:
AFP:
- Hebei Iron & Steel Group, Shougang Corp. and two other steelmakers in northern
Singtao Daily:
- The impact of the global credit crisis will be more severe than the 1997 Asian financial crisis, citing Peter Wong, executive director at HSBC Holdings Plc’s Asia-Pacific unit.
Weekend Recommendations
Barron's:
- Made positive comments on (BHI), (HPQ), (AAPL), (MET), (STD) and (CME).
Night Trading
Asian indices are -3.75% to -2.50% on avg.
S&P 500 futures -1.57%.
NASDAQ 100 futures -1.42%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Before the Bell CNBC Video(bottom right)
Global Commentary
WSJ Intl Markets Performance
Commodity Movers
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Daily Stock Events
Upgrades/Downgrades
Rasmussen Business/Economy Polling
Earnings of Note
Company/Estimate
- (IDT)/-.32
- (ARTC)/.39
Upcoming Splits
- None of note
Economic Releases
- None of note
Other Potential Market Movers
- The Johnson & Rice Energy Infrastructure Conference could also impact trading today.
BOTTOM LINE: Asian indices are sharply lower, weighed down by commodity and financial shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 50% net long heading into the week.