Jackson Hole

Good morning. Premarket trading suggests a positive day following news that Korea Development Bank is open to a potential acquisition of Lehman Brothers and oil prices pull back.

In other news, negative comments by Goldman Sachs that the world's major economies, including the US, Japan, the eurozone and the UK, are "either in recession or face significant recession in the months ahead" don't offer much of a surprise, but are still being talked about.

Premarket gainers: ALO, APWR, TMA, KRY, CSUN, LEH, FRE, BCSI, SKIL, SCA, RDN, ABK, FL, GPS, LCC, AKNS, UAUA, DAL, SOLF, & CAL.

Premarket losers: PSUN, FMD, NDSN, VRGY, HIBB, NGAS, NMX, HK, LVS, ROYL, GFI, TBSI, TS, SA, DRYS, & ZUMZ.

At 10:AM we have a speech from Ben Bernanke at the Fed's retreat in Jackson Hole, Wyoming. Any comments and predictions about the credit crisis have the potential to be a market mover, even though he'll have to say something different that what we've already heard from him and the Fed in recent weeks especially concerning the future of Fannie & Freddie.

I'll be back next week full-time (finally!) and I'm looking forward to it. Have a wonderful weekend!