Excerpt from: Spread Betting North American Financial Markets
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| November 01, 2007 | | Stock index futures down | Spread betting and contracts for differences should consider that stock index futures are down right now. This could be an indicator of what the stock market is likely to do in the coming days and weeks, and the indicators are that it may be a bumpy ride. Financials are looking especially vulnerable in U.S. stock futures, reports Bloomberg:
``I definitely think there is more downside in financials,''
said Doug Peta, market strategist at J&W Seligman & Co. in New
York, which manages $22 billion. ``We just don't know what the
ultimate impact is going to be for all the subprime
difficulties.'' | | |
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