October 2008 - Posts

• Zecco's Breakfast Bell... Halloween 2008

  Friday, October 31, 2008 9:19 AM

  MARKET UPDATE Equities are in a slight give-back mode this morning after having a very strong week of trading day gains.  Japan’s NIKKEI gave back 5% and Hong Kong’s Hang Send gave back 2.5%, while European markets look down about 2% on average Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for October 29, 2008

  Wednesday, October 29, 2008 8:35 AM

  MARKET UPDATE Stocks are mixed after yesterday’s monster rally.  Japan’s NIKKEI rose another 7% and Hong Kong rose almost 1%.  The Europeans also rose with the UK’s FTSE up 5%, France’s CAC up 6%, and Germany’s DAX is actually down about 0 Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for Tuesday, October 28, 2008

  Tuesday, October 28, 2008 8:35 AM

  MARKET UPDATE Stocks are enjoying a bounce after the Asian markets finally showed that they too can post a monster rally.  Japan’s NIKKEI was up over 6% and the Hang Seng in Hong Kong rose a whopping 14%.  The Europeans look like they are interested in participating, but not as much with the UK’s FTSE up over 2%, France’s CAC up 2 Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for Monday, October 27, 2008

  Monday, October 27, 2008 8:15 AM

  MARKET UPDATE Stocks are sliding again in what is becoming as easy to predict as the rise in stocks in 1999, except that you make the opposite prediction.  Japan fell 6% to a 26-year low, Hong Kong fell 12%, and European markets are down 4% to 6% so far this morning Read More Posted by Breakfast 1 Comments Go to top

• Zecco's Breakfast Bell for Friday, October 24, 2008

  Friday, October 24, 2008 8:37 AM

  MARKET UPDATE Stocks are taking it on the chin this morning after Japanese selling came on strong and the NIKKEI fell over 9% as global panic selling took hold after a negative GDP number. England is down over 7% and France and Germany are both down over 8% Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for October 23, 2008

  Thursday, October 23, 2008 8:52 AM

  MARKET UPDATE Stocks are again focusing on earnings and the prospects for the prolonged global recession this morning, but after a 500 point DJIA drop yesterday there are no clear cut directions this morning as futures were indicated higher and now DJIA futures are down about 40 points Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell- October 21, 2008

  Tuesday, October 21, 2008 9:32 AM

  MARKET UPDATE Stocks are indicated lower after yesterday’s 400-point DJIA gains, with DJIA futures down close to 100 and S&P futures down 8 points early on.  Stocks today are going to revolve around major equity earnings more than anything else with many key companies reporting Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for Monday, October 20, 2008

  Monday, October 20, 2008 8:40 AM

  MARKET UPDATE Stocks are indicated higher this morning with DJIA futures up over 100 points and with S&P futures up over 20 points.  This appears to be on no new major blow-ups and on overseas markets posting gains after the US losses on Friday Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for Friday, October 17, 2008

  Friday, October 17, 2008 8:45 AM

  MARKET UPDATE Stocks are currently set up for a round of profit taking after a late day rally took the DJIA up over 400 points.  DJIA futures are down 50 points.  While Google beat earnings, it is not leading a broad-based internet rally today Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for Thursday, Oct. 16, 2008

  Thursday, October 16, 2008 9:09 AM

  MARKET UPDATE Stocks were pounded overseas, with Japan off about 11%, Hong Kong and Shanghai both off more than 4%, and European markets are off 2% to 4% so far this morning.  This follows a more than 7% loss in the DJIA yesterday.  US futures are actually in positive territory now, so watch the action after the opening bell to see if we get any real stability Read More Posted by Breakfast 0 Comments Go to top

• Wednesday's Breakfast Bell from Zecco

  Wednesday, October 15, 2008 9:14 AM

  Stocks are following through with yesterday’s weakness as traders continue to take profits.  The earnings are actually coming in better than expected, so selling might not be as sharp or at least not across the board.  Positive earnings from JPMorgan and Coke are helping, while Intel guidance was soft but not as soft many were willing to accept Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for Tuesday, October 14, 2008

  Tuesday, October 14, 2008 9:27 AM

  MARKET UPDATE Stocks are indicated higher again this morning after overseas markets chased yesterday’s gains in the US.  DJIA futures are up almost 200 points after a near-1,000 point rise yesterday.  Tech earnings will come front and center as Intel reports today after the close Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for Monday, October 13, 2008

  Monday, October 13, 2008 9:19 AM

  MARKET UPDATE Today is an odd day in equities despite the large pre-market gains we are seeing.  It will be an incomplete trading day in the US as stocks are open for trading and bonds are closed.  Equity futures are higher by nearly 400 points on DJIA futures and up over 40 in S&P futures Read More Posted by Breakfast 1 Comments Go to top

• Zecco's Breakfast Bell for Friday, October 10, 2008

  Friday, October 10, 2008 8:24 AM

  MARKET UPDATE Stocks are indicated for a morning of at least some added selling with DJIA futures and S&P futures trading down between 2% and 3%.  The good news is that when you factor in overseas selling with some markets down 10% that is in-line with the drops in futures combined with yesterday’s massive drop Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for October 9, 2008

  Thursday, October 09, 2008 8:44 AM

  MARKET UPDATE This morning we are seeing a relief rally in DJIA futures with more than a 100 point gain after more nations joined in on the global interest rate cuts.  IBM’s surprise earnings announcement has also led some stability in shares of technology stocks Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for Wednesday, October 8, 2008

  Wednesday, October 08, 2008 8:45 AM

  MARKET UPDATE This morning we are seeing stocks globally trade higher off of their lows after an emergency Fed Funds rate Cut by 0.50% to 1.50%.  The problem is that the European markets are still down sharply.  The ECB finally joined in on the show and other central banks which cut rates are United Kingdom, Bank of Canada, China, and Switzerland Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for October 7, 2008

  Tuesday, October 07, 2008 9:53 AM

  MARKET UPDATE The theme for equities so far this Tuesday is RELIEF.  DJIA futures are up about 30 points and S&P futures are up about 8 points.  These might not be much in the form of gains considering how far the markets dropped intraday on Monday, but they are at least positive Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell for October 6, 2008

  Monday, October 06, 2008 9:28 AM

  MARKET UPDATE There is a central theme today in equities: SELLING BEFORE THE OPEN.  International stocks are down with Europe down over 4% on average and Asian markets down as much as more than 5%.  The bailout bill passage is being deemed as something that will help long-term, but everyone is still bracing for recession and de-leveraging of capital markets and financial institutions Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell - October 3, 2008

  Friday, October 03, 2008 8:27 AM

  MARKET UPDATE Stocks were mixed ahead of the House vote on the bailout package this morning, but a sudden surprise swipe of Wachovia by Wells Fargo away from Citigroup has the troubled bank stocks looking up.  S&P Futures are up 5 and DJIA futures are up 20 ahead of the economic data Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell - October 2, 2008

  Thursday, October 02, 2008 9:20 AM

  MARKET UPDATE Stocks are down this morning with S&P Futures down about 6 points and DJIA futures down over 50 points.  It is puzzling that futures are down when you consider that the Senate passed the revised bailout package in a 74-35 vote.  The SEC has also extended its short sale ban for that expanded list of financial companies until mid-October Read More Posted by Breakfast 0 Comments Go to top

• Zecco Morning Blog for Wednesday, October 1, 2008

  Wednesday, October 01, 2008 8:53 AM

  MARKET UPDATE Stocks are being sold this morning despite the Senate making a vote on a revised bailout package.  DJIA futures are off about 90 points and S&P futures are trading down 9 points, but some of that is just profit taking ahead of the vote after yesterday’s big gains Read More Posted by Breakfast 0 Comments Go to top

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The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of Zecco or its employees.