Monday, September 14, 2009

The Market On Monday

On Monday morning at 7:20 a.m. stock futures are down and oil is down.

The September 15th anniversary of the collapse of Lehman Brothers is the occasion for President Obama to call for new Wall Street regulations.
...calls for far-reaching reforms to rein in the financial industry's excesses remain unanswered -- and may be stymied by increasing signs of a budding economic recovery. source
It sounds like a gesture in the direction of good theater only. I don't think a president can mess with the big boys, but that's just my opinion.

Reuters: Stock futures signal dip; Nextel in focus
Oil fell more than a dollar toward $68 a barrel on Monday as a rebound in the beaten-down U.S. dollar and nagging concerns that prices may have run ahead of market fundamentals extended last week's late sell-off.

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