The Market On Monday

Futures are up today pointing to a rise at the bell.

How the market will hold up throughout the day is a different story. The economic news is negative, so its a matter of financiers finding bargains and affecting the significantly depressed market within the lowest ranges.

Reuters: Stock futures signal gains, automakers eyed

Stocks pointed to a higher open on Monday, reversing some of the sharp losses endured on Friday when dismal monthly retail sales triggered a sell-off. At 5:18 a.m. EST, S&P 500 futures were up 0.1 percent, Dow Jones futures were up 0.1 percent and Nasdaq 100 futures were up 1 percent.

Reuters: U.S. in recession, jobless to peak at 7.5 pct: survey

The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.