Bond is again @ centre stage as its interest rate on 10 yr is @ 5.19 % before 9AM.
All stock indices are expected to open LOWER.
It is better to open lower then improve by close.
Again a good time to reposition for stronger close or better wed.
Currently GOLD is down 3+.
OIL is down slightly.
In pre-market SIRF is down $1 to its new trading LOW.....as Global locate(a competitor of SIRF) is being acquired by BRCM.
Yesterday's high flier NRMX is giving UP most of its gain from yesterday.
Nasdaq future is down 7, DOW 40, S&P 4.
LEH reported way better than expected...but having no impact on futures.
So we will have lower open ...then see how it goes from there.
Please stay DIVERSIFIED as bonds are creating extremely volatile market.
BLOG does not give buy or sell.
Good luck on a potential TOUGH AM.
Saleem
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