Tuesday, May 26, 2009

The Market On Tuesday

Talk about starting off the week with a bang, North Korea explodes a nuclear bomb and then starts shooting off short range missiles, all to the chagrin of the entire world.

Its enough to make you want to stay in bed. Just imagine how the people of North Korea and Japan must feel. The North Korean's clearly want something with their ultra-catastrophic bargaining chip.

The thought of an ugly conflict with North Korea has sent futures down. What can we say, not much has changed since last week. There have been a few more bank failures, GM will or will not be in bankruptcy in one week, unemployment figures make one light headed, and foreclosures in the hot states are set to go into phase three which may be larger than the previous foreclosure periods.

The DOW is at 8,277, if somehow it can remain close to that number by the end of Friday, that will be a miracle.

Hey, enjoy the weather.

Reuters: Stock futures signal dip as North Korea tension mounts
...with investors rattled by mounting tensions surrounding North Korea.

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