The Market On Tuesday

The S&P closed yesterday at 868 losing 11 points.

Futures are up this morning. Futures along with an expected interest rate cut by the Fed would indicate that the market could get a little boost today, but these are "volatile" times.

We have seen all scenarios lately with futures up and the market heading south, futures down and the market ends higher.

One thing we know is that Wall Street likes to have the government throw money at it, so any proposals in that direction might create some gains.

It would seem that more and more economic scenarios are known by investors and as a result the market is attempting to stabilize itself based on the world eventually pulling out of the recession. We assume investors are nervous about this shaky stability because the future seems to only hold very bad news with unemployment continuing to rise and profitability continuing to sink.

Reuters: Stock index futures rise

Stock index futures rose on Tuesday as investors awaited an expected interest rate cut from the Federal Reserve and signs of how the U.S. central bank plans to fight the year-long recession

Reuters: Rate cut expected as Fed mulls emergency tools

Economists expect the central bank to lower its target for benchmark overnight rates by at least a half-percentage point, to 0.5 percent, and clearly state it will aggressively use unconventional measures to restore growth.