A Bloody Monday?

A Bloody Monday?

(Amsterdam 14.00 CET. March 2, 2009)
With Asian Markets closing with near 4 percent losses, AIG reporting a very bad 4th quarter with a stunning $ 62.7 Billion loss, and European Markets approaching 4 percent losses in the morning sessions it does not look very well for World Stock Markets today.
The Futures Opening for U.S. Markets do not help to create an optimistic mood, and rumours about "A Bloody Monday" are popping up on the Internet.
What is true we will see at the end of the day in another 9 hours, but the outlook is as worst as possible with the Dow closing well below 7000.

Wall Street heads for another big drop
Monday March 2, 8:46 am ET By Madlen Read, AP Business Writer
(Source Yahoo Finance) Stock futures lower despite higher personal spending, incomes as AIG gets more gov't funding
NEW YORK (AP) -- Wall Street headed for another big drop even as the government reported gains in personal income and spending.
Stock futures pared losses only slightly after the Commerce Department said Monda that incomes rose 0.4 percent and personal spending rose 0.6 percent in January. Both gauges were better than expected.
Dow Jones industrial average futures were down 125, or 1.77 percent, to 6,927. Standard & Poor's 500 index futures and Nasdaq 100 index futures were also down about 2 percent.
Stock futures were already lower after American International Group Inc. posted a quarterly loss of $61.7 billion. The government, which has already given AIG $150 billion in loans, said it would give the insurer another $30 billion.


US Futures & Markets Indicators (14.30 CET Amsterdam)
Dec 2008 Change Level Last Update
S&P 500 -17.20 717.00 3/2 8:21am S&P 500 FUTURES
Fair Value 734.18 2/28 1:48pm
Difference* -17.18
NASDAQ -21.00 1096.00 3/2 8:15am NASDAQ FUTURES
Fair Value 1116.96 2/28 1:48pm
Difference* -20.96
Dow Jones -122.00 6930.00 3/2 8:18am
Although markets can get hit and will close down today we do not expect (another) genuine crash.

(Source: DFT De Telegraaf. Nieuwe AEX indeling)
Beleggers op Beursplein 5 moeten vanaf morgen rekening houden met de nieuwe indeling van de Amsterdamse beurs. In de AEX verdwijnen financiële concern Fortis en uitzender USG People. Hun plaats wordt ingenomen door luchtvaartmaatschappij Air France KLM en baggeraar Boskalis. De nieuwe rangschikking wordt maandag nabeurs ingevoerd.