Pre-market trading is not looking good. Everyone is pointing to the auto bailout failure as the cause. If you’re in treasurys, you are very happy because yet again the flight to lunacy continues as equity markets sell off.
If you asked me, the real news is the Mad Madoff Ponzi Scheme. Read these two accounts here:
Calculated Risk: The Madoff Complaint
Cassandra Does Tokyo: Bernie Comes Out of the Closet
Crazy!
Source
Pre-Market Trading – CNN Money