Wednesday's Wall Street - Not Looking Good

The term "on mounting fears of global recession" is seen in virtually every financial news article in truth for quite some time. Its actually getting near one full year.

Futures indicate Wall Streets direction for that day. If today is ordinary in this respect, then stocks are sinking. How much? Who knows. I still believe the DOW will fluctuate between 7500 and 9500. Its not cracking 10,000 for a while.

But I could be wrong, and hope I am.

Reuters: Stock futures tumble as recession, profit worries weigh

Stock index futures fell on Wednesday, following declines in Europe and Asia on mounting fears of global recession and worry about weak U.S. companies quarterly results.