{"id":3600,"date":"2010-10-15T07:24:59","date_gmt":"2010-10-15T12:24:59","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3600"},"modified":"2010-10-15T07:24:59","modified_gmt":"2010-10-15T12:24:59","slug":"before-the-open-oct-15-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3600","title":{"rendered":"Before the Open (Oct 15)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets closed mostly down; China gained > 3%. Europe is currently mixed and without any big movers. Futures here in the States are flat.<\/span>
\nGOOG is up huge premarket; GE is down – each had earnings.<\/span>
\nBernanke speaks today.<\/span>
\nAnd for what it’s worth (not much in my book), stock options expire today.<\/span>
\nAs you know, the big news yesterday was the beating the banks took. Two weeks ago the cloud stocks got crushed, but the market was able to absorb\/ignore the losses. Can the market do the same while the banking sector takes a hit? Not sure. To some degree the banks are supposed to offer clues as the the strength\/weakness of the economy, but since most of their profits are coming from the free money the gov’t has given them, who knows what they represent. I definitely don’t think they’re as important as they once were.<\/span>
\nThe dollar got hit again yesterday. I continue to believe it’s the single most important driver of market movement at the moment. Watch it closely.<\/span>
\nOverall the action continues to be constructive, and I still believe the Apr highs will get tested this winter. But the rally is getting a little extended, so I’m in preservation of capital mode. More after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Earnings Reports<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Friday. The Asian\/Pacific markets closed mostly down; China gained > 3%. Europe is currently mixed and without any big movers. Futures here in the States are flat.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/3600"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3600"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/3600\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}