January 2009 - Posts

• Zecco Breakfast Bell

  Wednesday, January 28, 2009 8:24 AM

  PRE-MARKET UPDATE Equity futures are headed higher again.  Can we make it four days in a row?  Dow futures are up 130 points and S&P futures are up about 14 points.  This move looks more on a "BAD BANK" creation due next week from the Obama administration if reports are accurate Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell (TUE, JAN 27, 2009)

  Tuesday, January 27, 2009 9:19 AM

  PRE-MARKET UPDATE Equity futures are indicated higher this morning, which may seem counter-intuitive when you consider how many CEOs are calling for a major recession more and more through 2009.  It seems that the markets may b e more excited about Tim Geithner being accepted as Treasury Secretary to keep a vacancy of that importance from happening Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell

  Monday, January 26, 2009 8:26 AM

  MARKET UPDATE Stocks are indicated slightly higher this morning after overseas markets followed the Friday move up in stocks.  S&P futures are indicated up almost 5 points in early trading, while DJIA futures are up almost 30 points. Stocks and bonds will have many earnings to key off of with 3 DJIA components reporting earnings, with the huge Pfizer-Wyeth merger, and with a stead flow of economic data Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell

  Friday, January 23, 2009 9:10 AM

  PRE-MARKET UPDATE Equity futures are trading lower this morning on earnings news and on continued concerns about what lies ahead for financial stocks, tech stocks, and other stocks. Bonds may catch a bid this morning, although it is on earnings concerns of companies and on weak equities Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell (JAN 22, 2009)

  Thursday, January 22, 2009 8:45 AM

  PRE-MARKET UPDATE Stocks are trading rather flat this morning, despite many of the key earnings not coming in quite as soft as expected.  DJIA futures were down 15 points and S&P futures were down about 2 points on an early view. Bonds may trade off of government purchases of agency securities today, althogh the economic data is not expected to earth-shattering by any means Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell (JAN 21, 2009)

  Wednesday, January 21, 2009 8:44 AM

  MARKET UPDATE Equity futures are trading higher this morning.  This may just be a post-inauguration day of buying the dips on somewhat "less-bad" reports on the earnings front. Treasury note prices are lower and yields slightly higher this morning now that stocks have found a bid Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell JAN 20 2009

  Tuesday, January 20, 2009 8:45 AM

  Yesterday may have been the official holiday for MLK Day, but today may feel like a continued holiday as it is inauguration day.  President-elect Obama officially becomes President Obama.  Stocks are indicated lower after overseas markets sold off Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell (JAN 16, 2009)

  Friday, January 16, 2009 8:29 AM

  MARKET UPDATE It almost doesn't seem possible after many consecutive mornings of selling, but equity futures are indicated up more than 1% this morning in early trading as traders have gotten some of the fear out of their system now that they have seen the largest bank earnings are not showing the impending death that was more or less feared most of this week Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Vell (JAN 15 2009)

  Thursday, January 15, 2009 9:10 AM

  MARKET UPDATE Equity futures have been under pressure most of the morning despite JPMorgan managing to post a small earnings victory and despite a 50 basis point rate cut from the European Central Bank.  It seems that the concerns about the banking system and the need for potentially more government bailout money is trumping the actual news this morning Read More Posted by Breakfast 1 Comments Go to top

• Zecco Breakfast Bell (JAN 14 2009)

  Wednesday, January 14, 2009 8:29 AM

  Pre-Market Update Despite a late-day crawl back off lows yesterday, equity futures are again indicated lower.  This is still on a light news-flow and as many are still taking a wait and see attitude more than trading with any aggressive conviction Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell January 13, 2009

  Tuesday, January 13, 2009 8:12 AM

  MARKET UPDATE Equities are looking down again on continued concerns that earnings are going to be a serial disappointment.  DJIA futures are down about 60 points and S&P futures are down 5 points.  Despite this being the start of earnings season, there is still a lack of any news and definitely a lack of conviction Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell Jan 12 2009

  Monday, January 12, 2009 8:19 AM

  PRE-MARKET UPDATE Stocks look a bit directionless this morning with mixed readings and neither of the futures up or down more than 10 points in the DJIA nor in the S&P futures.  This follows mixed to flat futures in Europe and Asia, except the Hang Seng in Hong Kong where the market was down about 2 Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell JAN 9 09

  Friday, January 09, 2009 8:20 AM

  MARKET UPDATE Today is easy to call.  It is all about the jobs data.  The whispers will have changed since the Labor Department showed two consecutive sub-500K numbers on weekly jobless claims and after ADP gave a monster number on its new methodology Read More Posted by Breakfast 0 Comments Go to top

• Zecco's Breakfast Bell (JAN 8, 2009)

  Thursday, January 08, 2009 8:36 AM

  PRE-MARKET UPDATE Equities were indicated slightly lower this morning but not at all like yesterday's large sell-off.  At least that was the case until Wal-Mart issued an earnings warning to prove that there are now no safe places in retail. We also have a slew of December same store sales coming out this morning and after the close from US retailers, and most estimates there are very cautious Read More Posted by Breakfast 0 Comments Go to top

• The Zecco Breakfast Bell (Jan 7 2009)

  Wednesday, January 07, 2009 8:19 AM

  PRE-MARKET UPDATE Stocks are indicated slightly lower, despite a very temporary ceasefire (hours) in Gaza.  S&P futures are down 6 points and DJIA futures are down 50 points early this morning. Oil is flat to weaker this morning after an Israel-Gaza temporary ceasefire to alow humanitarian aid in for a few hours, and even T Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell JAN 6 2009

  Tuesday, January 06, 2009 8:19 AM

  MARKET UPDATE Equity futures are trading slightly higher in early pre-market trading this morning, although this may just be buying dips after yesterday's sell-off more than on any solid macro-trends.  DJIA futures were up 40 points at first glance this morning and the direction of the open is not yet really set in stone Read More Posted by Breakfast 0 Comments Go to top

• Zecco Breakfast Bell for Jan 5, 2008

  Monday, January 05, 2009 8:02 AM

  MARKET UPDATE World equity markets are trading mixed to higher on a $310 billion tax cut stimulus plan that is expected out of the Obama camp.  European markets are down slightly despite a near 2% gain in the first trading session in Japan.  US equity futures are essentially flat with DJIA futures down 15 points and S&P futures down 1 point this morning 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.