Driving through the Pennsylvania countryside at 7:30 one morning, here’s the news I hear on the radio (read breathlessly): “And in the morning business news, Dow futures are down 300. S&P futures down 40. Nasdaq futures down 80.”
I’m amused by such announcements. Futures prices at 7:30 a.m. are the equivalent of a donut with your coffee: pure junk food.