Pre Market Trading - Stock Market 10/6/08

Another ugly day is in store for the US Stock Markets. Wall St does not like the material in the bailout plan as well as further credit tightening in Europe. The Russian stock market has halted trading for the second time today as that market has been plunging.

Dow Sub 10,000? At this point, it would almost seem as though we will test below 10,000 on the Dow Jones just to see whats there. Will buyers step up to the plate? Yes, we are in a vicious bear market, but we are deeply oversold and stocks don't go straight down without bouncing.

Stocks to Watch - Apple ( AAPL ) - Yes there will be slower sales in the coming year, but Apple is sitting on 21 billion in cash while their market cap is only 84 billion. First Solar( FSLR )..great earnings...many people think Solar stocks are tied to Oil prices....they are wrong. Solar stocks are tied to electricity prices. Biggest mistake investors make, selling a solar stock because oil is going down.