by Calculated Risk on 5/24/2010 11:56:00 PM
Monday, May 24, 2010
Futures Off Tonight
The U.S. futures are off tonight:
From CNBC: Pre-Market Data shows the S&P 500 off about 19 or almost 2.0%. Dow futures are off about 150 points.
Get your Dow 10K hats ready ... I've heard the Libor is "going nutty" (no link).
CBOT mini-sized Dow
And the Asian markets are off about 2% ... and a graph of the Asian markets.
The Euro is back down to 1.23 dollars. Some other sources for exchange rates and NetDania.
And a couple of stories ...
From Micheal Pettis at Bloomberg: China Falls Victim to Greek Deficit Contagion
And from the Financial Times: Obama adviser calls for new ‘mini-stimulus’
The Obama administration made a strong plea to Congress on Monday to grit its teeth and pass a new set of spending measures ... in order to help dig the economy “out of a deep valley”. ... Lawrence Summers ... urged Congress to pass up to $200bn (£138.9bn) in spending measures ... last year’s $787bn stimulus is wearing off.Could be an interesting day ...
except with permission
Best to all.