Who wins this morning: bears or bulls? I'm not sure. Having Kim Jong Il as a wild card in the market picture is unsettling, to say the least. The guy just doesn't give a shit. At least with Eurozone and the Gulf mess, there's accountability and real pressure.
That being said, here are the premarket lows so far for some stocks.
• AAPL 241.55 now, 238.96 low
• BIDU 68.10 now, 67.99 low
• C 3.64 now, 3.60 low
• DNDN 41.63 now, 41.25 low
• F 10.64 now, 10.45 low (yeah, holee crap!)
• FXE (Euro ETF) 121.95 now, 121.78 low
• EUO (short Euro) 25.05 now, 24.78 low
• FAS 20.99 now, 20.21 low
• FAZ 17.48 now, 16.99 low
• FXI 36.80 now, 36.51 low
• FXP (short FXI) 48.44 now, 47.79 low
• GLD 116.84 now, 116.12 low
• GOOG 470.00 now, 466.84 low
• GS 134.69 now, 134.00 low
• IRE 4.48 now, 4.26 low
• NBG 2.48 now, 2.43 low
• VXX 35.68 now, 34.75 low, 36.70 high
Sometimes, premarket patterns are a microcosm of the regular session. This might be one of those days because I don't see any good news coming that would spur buying by retail traders and investors. But if the fundies pile in like they did on Friday morning, just a few minutes after the opening bell, this could change quickly.
Danger lurks?
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