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This is only the seventh instance since the beginning of the bull market where futures have been up more than 2% going into the market open.
In all of the previous six instances the market continued higher during the trading day for an average gain of 3.8%.
The pre-market headlines in the previous two instances look familiar:
- US stock futures surges as investors speculated that recent declines in equities are overdone and China affirmed its commitment to investing in Europe (5/27/10)
- US stock futures rallied after European policy makers unveiled a $1 trillion loan package to contain a sovereign-debt crisis (5/10/10).
The markets have officially disconnected from all forms of reality. Just look at the mess Europe is in and all the market does is wait for the next rumor
Posted by: hot penny stocks | November 10, 2011 at 12:21 PM
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Posted by: freelance writer | January 07, 2012 at 12:51 PM