Stock Market 10/24/08 - Dow Jones Futures October 24th, 2008

10/24/08 Pre Market Trading Report:

Today, October 24th, 2008, we have a bit of a problem in the stock market today regarding the futures. There has been some huge losses in the Asian markets as you will see below and this has caused the Dow futures to be down over 550 and the SP 500 futures to be down over 60 points. The futures have been frozen unless they go up. Known as a limit down, meaning the circuit breaker has been hit because of the steep decline. The stock market futures cannot go any lower in pre market, but it can at the open. The futures can go higher if they want to. This could get interesting today!

Asian Markets - European Markets

The increasingly grim outlook convinced investors that the world economy is headed for a long and severe downturn.
Japan's Nikkei stock market fell 9.60 percent. Britain's FTSE 100 was down 5.95 percent, Germany's DAX index was down 9.38 percent, and France's CAC-40 was down 7.35 percent

Stocks to Watch today:

The stocks that short the overall stock market are up huge in pre market trading. Those would be QID, SRS, SKF, DUG.

RIMM is currently at $42.50 - Apple ( AAPL ) is looking to open at $90 - Google ( GOOG ) $323