It might provide food for thought … and portfolio awareness:
Stock index futures pointed to a higher open on Wall Street Monday as stocks rebound from heavy falls last week fueled by concerns over a double-dip recession, with speculation of a rate cut by the European Central Bank mounting in Europe.
US stock futures rose further Monday, 9/26/11 after last week’s steep losses. Futures on the Dow gained 121 points to 10,818 and those on the S&P’s 500 stock index rose 14.20 points to 1,144. NASDAQ 100 futures advanced 20.50 points to 2,222.50. Asian stocks fell sharply Monday, adding to recent losses, as a lack of apparent progress on solving Europe’s sovereign-debt problems fueled risk aversion and sent investors out of equities.
The market is already pricing in a Greek default.
In the coming week, a string of economic reports that will offer direction for stocks … but … headlines from Europe will … drive markets.
RegMed universe shares are cheap but, have they bottomed?