Who will be meeting on wednesday. Yesterday the futures were down 165 points pre-market, and yet the markets only managed to drop 48 points. Usually when the futures have moved pre-market more than 120 or so points or so, the day will be very directional. This morning the futures are down a little over 100 points but I think the markets will end up relatively flat today as well in light of upcoming announcements. The markets are really looking for a reason to sell at this point, but the volume has been light so far. Watch for one or two more punches to the upside courtesy of the feds this Wednesday and this Monday. Monday, May 4th is shaping up to be a pretty big day for "selling the news".
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