The Kirk Report |
Posted: 27 Feb 2009 11:58 AM CST
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Posted: 27 Feb 2009 08:00 AM CST Premarket gainers: BCSI, THC, BARE, INT, MGI, OUTD, HMA, UXG, PBT, CETV, CVTX, NVEC, UHS, DTSI, & TWC. Premarket losers: C, FITB, BAC, ERES, LYG, HBAN, PFG, OVTI, KEY, RF, WRES, DECK, JRCC, WFC, RBS, LNC, BCS, GNW, AIB, CIT, STI, SNTA, AZN, SOMX, GTIV, ADSK, HCBK, ADBE, FSLR, & CVA. Along with focus on the financials, there will be plenty of Fedspeak today from Yellen, Bullard, Rosengren, and Plosser. At 10:AM we also have the University of Michigan Consumer Sentiment report. With Citigroup trading at $1 per share in the premarket, it reminds one of last September especially as some notable pundits urge people to run in a crowded theater. Although not alone, Jim Cramer is out urging readers to "sell if they don't need the money for anything important." Hopefully we get a solid break of those November lows (S&P 741) and clear out the stops that are likely to be set by anyone trying to catch a bottom this week (myself also included). What hope was out there should be vaporized in that kind of breakdown and that's the only good thing I can say about it. Have a great Friday! |
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