Step Right Up, Folks, and Place Your Bets!

Index futures were groping for a foothold early Monday morning after easing moderately lower on thin volume. The E-Mini S&Ps have been down as much as much as 12 points — equivalent to about 100 Dow points — but that usually means that DaBoyz are eager to accumulate stocks at fire-sale prices before they trigger off the next short squeeze. This is just business as usual at the start of a new week; however, if the futures were to fall a further 10 points, even a few of us cynics might be ready to concede that something interesting was happening.