In Europe shares of Ford, yes Ford Motor Company, are up. That news alone might make one speculate that the market is in for a day of gains. Cash for clunkers is a success in the sense that its popularity is stirring the auto industry.
The real clincher for me is the price of oil which globally is back to topping $70 per barrel.
Reuters: Stock futures signal gains; car sales data eyed
Oil topped $70 a barrel on Monday...
...Alan Greenspan said...signs of stabilization and increased confidence in the economy could be dashed if home prices were to take another turn downward.
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