Monday, August 31, 2009

The Market On Monday

On Monday morning at 8:15 a.m. futures are significantly down. When they are this low it rarely goes into the green, but really you never know.

Oil is down and that is a key component of the market's activity. Chinese stocks are down and since everyone keeps pointing to China as a leader out of the recession, the day is shaping up negatively at this moment.

Finally, unemployment numbers for August will be the big concern for investors, coming up later this week.

In upstate NY its a beautiful day. Enjoy the day and forget about the market...

Reuters: Stock futures lower as China equities, commodities fall
Oil dropped 2.3 percent, falling near $71 a barrel as traders fretted about a sharp decline in Chinese stocks...

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