The Market On Monday

On Monday investors are allegedly awaiting news on the Big Three bailout, a scheduled Fed meeting where interest rates probably will be lowered .5 or .75 percent, and recent business reports from large banking firms.

Throwing up a guess here, there will be monies for the Big Three, there will be an interest rate cut, and the banking news will be bad. The last item is not a guess.

Regardless, futures are down, and how the market will respond throughout the day is unclear. Throwing up another guess, the DOW will probably hang around the 8500 mark. It been staying relatively calm and fluctuating around this number for a period.

Worst case scenario the DOW drops 200 points, best case it gains 50 points, maybe.

Reuters: Stock index futures point to drop at open

On the macro side, Japan reported its sharpest drop in business sentiment in three decades on Monday and industrial output in China grew at its slowest pace since 1999, the latest signs of the damage done to Asian economies by the global crisis.