DOW Futures Now Sharply Negative

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vhf

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DOW Futures Now Sharply Negative

posted on Oct 08, 2008 05:08AM

Talk about a roller coaster ride! Once the news on the central bank co-ordinated rate cuts kicked in the DOW Futures soared by about 500 pts (-300 to +200). Now again though they are down by triple digits. So it appears, the central bank activity bought them about 1 hour. Asian markets were rocked last night with some being down close to 10%.

It should be an interesting day to see if the gold cartel can keep the shackles on.

All the best - VHF

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