Pre Market - September 13th 2007

Bad news turns to good news in the futures. Ironic that the markets 'hope' for bad news and that was received this morning in the form of the initial jobless claims. Although the number this morning was not extremely high it was just the fact that it was higher. Traders view this as another sign that the FOMC will cut the fed funds rate. However we note that nothing is a sure thing until it happens.

Over the coming weeks watch for Rebeltraders to move to a dedicated server with a new software platform. This is the next step in the process of Rebeltraders moving to a complete web site with member forums, chat, etc. The Blogger web host was good for us to use to get started but we have already outgrown this software platform and we need to move to our own servers to keep up with the growing readership.