$PreMarket Buzz$ Dow Elevator Going to 12,300?

With 30 minutes to Market open let's take a look at the 3 major indicators:

Dow Futures: 12580 (down 57 points)

GCM8/GOLD June 2008 (COMEX): 888.20 (up .90)

Oil: $126.06pb (down $1.30)

Economic Calendar: http://www.bloomberg.com/markets/ecalendar/index.html

On of the most interesting stories out today is the fact that the Euro Banks are being hit hard.

http://www.marketwatch.com/news/story/european-shares-fall-banking-sector-worries/story.aspx?guid=%7B0508ECA5%2DFEA9%2D45E4%2DBB88%2DF238E3D8EAF9%7D

We like the SDS for the trip South in the next several weeks.

Marriot spoke and lowered their US outlook, based on lower trends throughout the US.

Yes, it looks like Tech will fare better than most other stocks. (watch VMW)

But when will the Dow hit 12300?

Will it be when oil takes the profitability of the US Corporations in Q3 or Q4 earnings?

Or possibly when LEH is re-evaluates the Level 3 assets that Einhorn(from Greenlight Capital) wants to talk about?

Here is a clip of Einhorn talking about his book and ALD.

Good Fortune from Trade-Equity.com