The Fed has kept interest rates at next to zero. Greece is having trouble paying for its public health care. Also weekly jobless claims number are due out today.
Not looking pretty, but hey, you never know how it will end. One thing to keep in mind is that volume is down. When this occurs the market is more vulnerable to sharper turns.
CNN: Stocks set for early slump
...the Federal Reserve left interest rates unchanged near 0%, saying market conditions were helping the recovery but weakness will remain.Reuters: Futures slide on strong dollar; data on tap
The weekly jobless claims report is also due in the morning.
...the Fed said "economic activity has continued to pick up.
2 comments:
The market is so hungry isn't it? What more can it feast on today? It got our wallets the other day on Health Care reform didn't it? No drug re-import because OH scary Canada and Germany might not effectivelu protect us!!! Terrorists!!! ALARM ALARM wait wait wait who did TIGER fuck last week and what is Goddess Sarah doing and oh etc.... Wash, Rinse , Repeat. Now move on nothing to see here... DUDE!
I see that Exxon has purchased XTO. XTO is a gas company. The energy monopoly just got larger.
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