Time is moving so fast, how do we slow it down. This month we see the return of light. Yes, by the end of February, the world is a little brighter each day. Although the equinox is in March, the sun brightens the landscape for roughly half an hour before it officially rises and after it officially sets. The "light" equinox happens much sooner.
At 7:45 a.m. futures are modestly up. The financial articles are pointing to an optimistic outcome for the day, but this same thought has fallen flat over the past several weeks. January saw the market drop , the worst drop since its steady rise from March of 2009.
Maybe today, the spell can be broken as Obama releases his budget for 2011, and allegedly decent numbers on income and spending come out. Oil is up a tad and the dollar is in mixed territory against the Euro and Yen.
Who knows. Its been suggested that the powers that be are deliberately tanking the markets to help sway the November election. Who knows.
CNN: Stocks ready to claw back
...President Obama is helping to influence investor sentiment toward the positive, with his focus on the job creation aspects of the stimulus plan.Reuters: Stock futures higher as budget eyed
President Obama on Monday will reveal a $3.8 trillion budget for 2011...
On the macroeconomic front, investors awaited U.S. data for personal income and construction spending at 8.30 a.m. as well as the Institute for Supply Management's January manufacturing index at 10 a.m. EST.
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