Sunday, March 1, 2009
In Like a Lion...
The snow is coming here in New York, looks like about 3 inches or so already. Also ushering in the new month is a falling Japanese stock market. The Nikkei 225 is down over 200 points or 3% in early trading.
Accordingly, S & P 500 and DJIA futures are pointing to a 1.2% drop for the equity market. Rumors surfaced on Friday night about more problems at AIG and the possibility of another government investment and loan restructuring.
Economic data this week includes ISM, Beige Book and Non - Farm. We will also see how all of the Treasury supply settles into the market. Be careful out there.
Posted by MK at 9:57 PM