Prior to the stock market opening this morning in the U.S., the primary stock
Futures were posting red across the board. The Dow Jones Industrial Average was
red by .19 percent. The Nasdaq futures were red by .25 percent and the S&P 500
futures were red by .17 percent. The negative momentum that built in the market
place during the third quarter continues to thwart stock trends as the fourth
quarter proceeds. Major stock sell-offs were observed in the U.S. marketplace
during the opening trading day of October as investors continue to feel the
negative pressure stemming from overseas. The banking and financial crisis in
the eurozone, specifically in Greece, continues to plague investors and
ultimately push indices lower. Investors feel that default potentials are
growing as leaders in the area still have not come to a resolution plan
agreement. Default looms broadly and is affecting the marketplace broadly. The
minds of investors on Wall Street struggle to avoid thoughts of the negative
ramifications pertaining to the countrys failing banking system. Another
recession in the U.S. is being discussed at this point as a result. Individual
stocks have felt the pressure. Jabil Circuit Inc. dropped last session by 4.22
percent to close out the day at 17.04 according to MSN money stock quotes.
According to pre-market data prior to opening bell this morning, JBL was in the
green by 15.55 percent at 19.69. It will be difficult to sustain the positive
action in such a negatively skewed environment. Frank Matto
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