If you can bet on a hope (not my terminology, people, see below) BEFORE the opening and affect that opening, why even pretend that 'starting point' has any significance at all?
World Stocks Sag as Oil Price Surges
By JULIA WERDIGIER
LONDON — Oil reached $142 a barrel, a record high, in trading overnight and world stock indexes declined as Wall Street braced for markets to open a day after a painful 358-point plunge in the Dow.
American markets were poised to open nearly unchanged, based on bets placed by investors ahead of the 9:30 a.m. bell. Investors are hoping the Dow Jones industrial average will recover some of its losses from Thursday, when downgrades on banks and automakers dragged the blue-chip index toward bear market territory — and its lowest close since September 2006.
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