The Market On Tuesday

Iran seems like it is on the verge of cracking wide open, if it hasn't already. Several people have been shot in what looks to be the largest protests ever seen. The pictures show literally oceans of people in the streets of Tehran. Its interesting because the two candidates represent two camps of the conservative side, conservative extra roasted, and conservative medium blend. We get the sense that this is really big.

The dollar devaluation people stole through the night. All of a sudden, today, the dollar is weaker. Recall that yesterday it was strong. Its like a straw muscle man lately. Consequently futures are up, not to the equivalent levels that they were down on Monday, a serious dip day.

New housing data is due to come out this morning. This will play a big part in the market's direction today.

The modern refrain has investors looking for more signs that the economy is in better shape than my rusted out truck. Show me a sign...

Reuters: Stock futures inch up on dollar weakness

"The dollar has pulled back and you're seeing some strength in some of the commodity prices, and that's important."