Before The Bell 12/29/2008

[0:37] ..." is still pretty awful for the Dow was down almost 36% the S&P is down about forty point 6% in the worse has been internationally the heat index is down 46 point 3% year to date so if you want to make money last year probably had to be in treasuries. On this week we are going to get a little bit more growth would probably going to be bad economic news how bad I guess is going to be the questions. So tomorrow -- significant -- yes I'm already to the consumer confidence numbers respect to be up actually a little bit. And then the PMI which is the purchasing managers index is also coming -- Wednesday last trading day of the year reported a good chance of -- good -- so weighed in on Friday were coming back -- again. We got the guy is a manufacturing in this coming out for right now a muted opening not much to say. S&P futures are portents of percent to Dow's -- six aspects of through NAFTA. Sort of because of the conflict over the weekend in the Middle Eastern oil prices up -- dollar 78. 39 and half right now on gold still -- precious metal is becoming more precious so. Five dollars"...

[1:49] ..." it can be dealt. Now maybe it has something to do with oil prices but I think a lot of it has to do with the the politicians and Kuwait. Because they didn't like the special"...

[3:14] ..." of reforming opened and taken care some of the debt by the FDIC -- short clips of that support."...

[0:11]" Yeah I think it's going to be a repeat of last week whether or not a lot of players to the tables between Christmas and New -- so I think the market's got to get pushed around a little bit here and there -- You know there's just assert that there's just too much like a -- you -- guess last week it was a little battle there -- light volume the markets were down a little bit and you know maybe this week will be -- but who knows but so unless there's a big crisis showing up here the next three days I think. We're going to try to sleep compared to 2008 as much as we can in fact we look at these performers were refuted it is still pretty awful for the Dow was down almost 36% the S&P is down about forty point 6% in the worse has been internationally the heat index is down 46 point 3% year to date so if you want to make money last year probably had to be in treasuries. On this week we are going to get a little bit more growth would probably going to be bad economic news how bad I guess is going to be the questions. So tomorrow -- significant -- yes I'm already to the consumer confidence numbers respect to be up actually a little bit. And then the PMI which is the purchasing managers index is also coming -- Wednesday last trading day of the year reported a good chance of -- good -- so weighed in on Friday were coming back -- again. We got the guy is a manufacturing in this coming out for right now a muted opening not much to say. S&P futures are portents of percent to Dow's -- six aspects of through NAFTA. Sort of because of the conflict over the weekend in the Middle Eastern oil prices up -- dollar 78. 39 and half right now on gold still -- precious metal is becoming more precious so. Five dollars and ninety cents -- 8771."

[1:39]" Go on Sunday and Monday's now I guess the very way Dow Chemical they were supposed to do a deal with Kuwait. It was already previously announced it was going to get -- next week it was seventeen point four billion. They're calling it can be dealt. Now maybe it has something to do with oil prices but I think a lot of it has to do with the the politicians and Kuwait. Because they didn't like the special deal that was -- it was involving something like about 850 million dollars. But commissions to those people who kind of support that they also looks like crap politics is this thing almost anywhere you go so if you look at some -- There's a lot of questions about the fall out of this and and the fact that they announce a deal because. Dell was also doing to deal with Roman possible of the chemical company. It it may be the Dow was counting on something like cash to be able to complete the deal also. Again no role mosque came -- now it's going to be a done deal that is going to be okay but unfortunate that the markets are telling us that because -- stock is down about thirteen and if we even look at bell. It's down around 7% this morning so again. -- deal."

[2:37]" A little bit more fallout they were saying you know it's just rippling throughout the world with party made off -- number of Latin American investors now. Kind of been stung by this and then again it's period Rubin who have facilitated by -- connection with Banco Santander war also always remember early July we have failed indymac bank. There for looks like the going to have a buyer told -- capital management's coming in. And it's kinda I think private equity to us stepping up below the may be this. Sort of the deal but anyway yeah they are buying banks again which is nice and indymac has about -- had about 32 billion back in -- Before they feel that assets. Particularly you bought for about fourteen billion dollars plus a little bit of reforming opened and taken care some of the debt by the FDIC -- short clips of that support."