Dow Futures Down on Durable Goods..Home for the Holidays

UPDATE: 4:40 pm EST: Dow closed up 247, NAS up 67 to close over 1500 WOOHOO and S&P up 30.

Have a Happy Holiday!

DOW futures down sharply on the biggest drop in Durable Goods Orders in two years, down 6.2%.

A surprise pop in Personal Income up 0.3% is offset by the drop in Consumer Spending, down 1% in October

The first time Jobless Claims fell 14,000 to a moving avg of 529,000 last week…

The incoming Administration announces Paul Volcker will head up a new economic advisory panel and Austan ‘NAFTA’ Goolsbee will be the policy director of the panel…

Enjoy the Holiday!!

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November 26, 2008. Tags: , , , , , . Cabinet, Economy, Finance, Obama Administration, Wall St. Comments off.

Markets sending the BAT signal to Obama…..

DOW down 122.26…..

He will be appearing live in 44 minutes

same bat time same bat channel as yesterday

CNBC has the countdown clock to his “economic announcement”  running….

watch it here in 42 minutes and counting….

more AWFUL housing news:

New Home sales drop 5.3% in October (vs a rise of 0.7% in September) and Consumer Sentiment has fallen to a 28 year low..

November 26, 2008. Tags: , , . Economy, Finance, Obama Administration, Politics, Wall St. Comments off.

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