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Tuesday, July 28, 2009

The Market On Tuesday

Nice time to be fabulously wealthy in America - one could buy lots of bells, whistles, and corporate equities on the cheap and one probably did.

At 8am futures are down. Investors will get data on house pricing, consumer confidence (is this an oxymoron), and a list of corporate quarterly reports from among others, Viacom and Home Depot.

With the removal of the uptick rule, high frequency trading, and insider news on how Goldman Sachs controls the worlds' economy, following the market is beginning to feel like waiting for crumbs under the banquet table.

I take that back, it is waiting for crumbs under the banquet table.

Reuters: Futures dip before home prices data
(On home prices) Economists in a Reuters survey expect a decrease of 0.5 percent versus a 0.6 percent all in April.

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