Pre Market - August 20th 2007

The Asian markets gained big mover overnight. Our futures have not reacted with as much vigor. The futures are mixed and pre market volume is low. I'm not seeing any confidence yet in the bulls, at least not here in the pre market.

Last week the Sentinel Group made a statement that they were facing troubles and faced issues with redemption requests from certain money market accounts. Over the weekend the Sentinel Group filed Chapter 11.

I'm not jumping in here yet on either side of the trade until I see more market action. So far I'm not very impressed with the futures. With the Asian markets up dramatically overnight one would think that the ripple would spread back over the ocean and raise our tide. However, futures are keeping their life jackets on still.