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Tuesday, September 16, 2008

S&P 500 Emini futures coach daily for sept 17 levels

US Economics AIG MArkets set for a rally

U.S. Treasuries have been the safe haven this morning as financial markets hope for a solution to AIG's liquidity challenges. As expected, AIG saw its credit rating downgraded late yesterday and that has caused an immediate need for additional capital... something that is very hard to come by right now. Government leaders have indicated that they are unwilling to use taxpayer dollars to bail out the world's largest insurer. AIG operates in 130 countries and employs more than 100,000 people. Experts have said that unless the company can raise at least $90 billion today they'll be forced to file for bankruptcy protection tomorrow. Let's hope for a solution here! Looks like the government will use a warrant and knock out all the stock holders.

What a month, first 50% of homes in the US become the fed's property and next we have a 90 billion dollar bail out of AIG..

Stocks opened lower, but have moved into positive territory one day after The Dow lost 500 points. Time to get back to where we started, remember elections are around the corner.

Oil prices are still falling like, down $4 to $91 per barrel. Looking for $82 then we shall see where it is going. If elections are over it is time to focus more on international problems to take the eye off the wounded US economy. Of course we won't see a 25% decrease in gas prices. Just a dime here and there.....

Hope you have an edge, a money maker edge, we will be having a class in SanFrancisco in October with the Emini Futures coach.

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