Dow Jones Futures 12/05/08 - Stock Market

The Dow Jones and Stock Market Futures are flat today, 12/5/08, as we await the highly anticipated Jobs Report. There are a wide range of estimates out there ranging from a loss of 300,000 jobs to as high as a loss of 500,000 jobs. More importantly, I will be watching the revisions from the September Jobs Report because the Government never gets these reports right without revisions. It will be tricky to trade stocks off of this data because its hard to really tell how much of this bad news is already priced in. The Stock Market priced some of this in during the last hour on Thursday. Check out my technical stock charts! Merrill Lynch is out with an oil forecast for $25 Oil. This was the same firm along with Goldman Sachs that was telling you that Oil was going to $200 this fall. These analysts are so useless! I use them as contrary indicators and I think in the coming months we will see a bottom. Oil is $44.34 this morning.

Stock Market Futures - December 5, 2008

Dow Jones Futures - Up 1
Nasdaq Futures - Down 3
S&P 500 Futures - Up .50


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