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To: LouieFisk
The futures have the DJIA at +24 as of the moment. Not much to brag about, but better than a minus.

I would not pay attention to the futures today - they are un unreliable indicator at present.

Have not watched Cramer in years, but her his what he said today about futures:

"The futures are a total joke. Don't even look at them. You can't have a bull market at 3:30 a.m. and have it end by 7 a.m."

- see https://www.cnbc.com/2020/03/17/stock-futures-are-swinging-all-over-the-place-cramer-says-theyre-a-total-joke.html

13 posted on 03/17/2020 5:24:07 AM PDT by Fury
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To: Fury

“I would not pay attention to the futures today - they are un unreliable indicator at present.”

Normally, I would agree. But I think, in times like this, most people have “a feel” for where the DJ is headed and will react on that feel. It’s like TP panic buying. But basically, what you noted is the best usual take to keep in mind re:futures.


15 posted on 03/17/2020 5:42:57 AM PDT by LouieFisk
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To: Fury
I would not pay attention to the futures today - they are un unreliable indicator at present.

Except that they are a major component of the computer trading schemes that are widely used, and largely responsible for the huge price swings seen in the underlying indices.

24 posted on 03/17/2020 6:05:54 AM PDT by Fresh Wind (The Electoral College is the firewall protecting us from massive blue state vote fraud.)
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