Stocks To Crash At The Open

Friday October 24, 2008
Navivest

U.S stocks will open down dramatically lower at the open as a global sell off spreads to the U.S. Stock market.

Futures for all major indices, Dow, Nasdaq, S&P 500, are all trading limit down, meaning that we currently have reached the maximum level at which the exchanges will let the futures decline and a trade won’t occur below these levels.

The Dow is now indicating to open down about 550 points, the Nasdaq, 85 points and the S&P 500, 60 points. These represent roughly a five percent loss in the Nasdaq and 6 percent losses in the Dow and S&P 500.

There is also a very good chance that we will see even more selling pressure when the stock market opens. So it will be ugly.

Tags: Stock Market Crash  Limit Down  Stocks  Stock Market