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  1. sniffer

    365 Posts.

    The US futures are slightly down in the pre open ,Gold seems to be on the up +$2.00 but the BOND Market is showing early signs of a switch from the safety of Bonds to Equities in the PRE open.

    This market is very volatile with the bears still in control and the market crowd still favouring those who like the short side.

    The US market however despite all this negative feel has been up in each of the last 2 weeks, at these lows it may be showing some sign of a bottom and positive for NCP.

    A couple of recent articles show the FOXtudios are continuing to get winners with record ratings on their "JOE Millionaire style shows " on PAY TV and the success at the BOX office of movies like Daredevil.

    CNN MONEY reports overnight :

    Daredevil," a Spider-Man meets Charlie's Angels type story, reportedly cost $80 million. Its success gives News Corp (NWS: Research, Estimates). a lucrative new movie franchise with huge DVD and home video potential. Fox also has a potential spin-off series in Garner's character, a butt-kicking martial arts beauty.

    Looking ahead, Snyder said, "I certainly think $125 million is the least we should do. It's tough to say. It can go to $150 million. It can go anywhere. We should get some of it back. I guess kids will be out of school for a few days. You only have so much heat for so much time. That's why it's bothersome because it is opening weekend."

    "Daredevil" is Marvel's latest Hollywood hit following "Spider-Man" last summer. Last week Marvel and AOL Time Warner's (AOL: Research, Estimates) New Line Cinema announced plans to bring "Iron Man" to the screen in 2005. AOL Time Warner is also the parent company of CNN/Money.

    For those in this forum forever calling this as a short it may be worth looking at both sides of the coin and remembering the brilliance of Murdoch when markets do turnaround.

    Make your own judgement ,but consider both sides of NCP at these levels.

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