Markets to capture all losses today at the opening

March 8th, 2012
in Gary's blogging, market open

Good morning all. The premarket SP500 futures is at 1361 and as high as 1366.
Read at Leavitt.

@leavitt: "The Asian/Pacific markets closed mostly up. Japan and Singapore rallied 2%; China, Hong Kong, South Korea and Taiwan gained at least 1%. Europe is currently up across the board. Stockholm, France and Germany are up 2%; Austria, Belgium, Amsterdam, Norway and London are up at least 1%. Futures here in the States point towards a sizeable gap up open for the cash market.

The dollar is down a bunch. Oil and copper are up. Gold and silver are up.

The reason for the giddiness? Positive news from Greece. This allows markets around the word to breathe a sigh of relief (at least in the near term) and it props the euro up and puts pressure on the dollar."

As of now, the loss the S&P suffered on Tuesday will be recaptured at today’s open.


Written by Gary

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