Time for a Little Bounce
Indexes are looking short-term oversold tonight, and futures are up a bit after hours:
- Dow futures +36
- S&P futures +4.75
- Russell futures +1.80
Now, Goldman Sachs could show up tomorrow morning with some bad news, or with some mediocre news that people decide to dislike. But you’ve got to wonder whether a lot of any potential bad news from the financials has already been priced in. Probably not a great time to initiate any new shorts.
More on this topic
(What's this?)
Ben Stein Takes on Goldman and Loses
(naked capitalism, 12/2/07)
Goldman’s Global Alpha Assets May Fall 60% by Year End
(naked capitalism, 11/19/07)
Mon, Dec 17, 2007 | Jared
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