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Another Rough Start…

Friday, May 21, 2010, 8:40 AM
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Time to open up another daily discussion thread.

Dow futures are currently pointing to an open below the 10,000 mark (currently 9,961), which I expected to put up more of a fight as it is an important round figure.  S&P 500 futures are currently off by -10, which, importantly, places the market open below yesterday's close.

While there's still time for the market to bounce before the open, this continued weakness in the pre-market arena speaks to some still-unresolved issues in the big world of liquidity.

European equities started the day with a strong push up, but have sagged along with US futures, although which is the horse and which is the cart is hard to say.

 

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