Slightly good news on the DOW Futures

[maseman]

The Dow Jones Futures right now are up about 83 points at 12:15AM EDT.

Not that that is going to save the world or anything but if we can start the day with futures up that is off on the right foot of no 500 point drop again.

The credit is the real problem and it will be for a long while. But if we can at least stop the huge Dow/Nasdaq erosion it will help people keep money in their 401(K) and IRAs.

http://www.bloomberg.com/markets/stocks/futures.html

[EV_Ares]

1. Yeah, that is good news, will take any good news at this time. eom.

[elleng]

2. HOW could 'futures' be up

if credit is unavailable?

[FrenchieCat]

4. Folks with money who can afford to buy low and hold them for some years.....

are buying now, while the buying is good. Tomorrow morning may not look the same though. It is a very volatile market. Folks who can't afford to take a chance will be dumping theirs....or not buying at all. Watch for volume.

[elleng]

6. Thanks, Frenchie!

.

[Zynx]

5. Futures are not credit positions. And credit was available during the Great Depression.

However, it was just very scarce.

[BlueIdaho]

3. They are thrilled...

Bush just handed over 600 BILLION dollars with absolutely no strings attached - now they can have platinum parachutes.

edit - typo