The Market On Tuesday

There's always been a sense of disconnectedness in American society. Right now we have huge numbers of people falling off the economic spectrum. The other day we learned that 1 in 4 people in Memphis can't afford to buy enough food. That's a lot of people and the problem is not contained to Memphis.

Then there's this extremism from the right that is fracturing off enough people to do very unusual things like this militia group in Michigan.

Yet, Wall Street is going great guns.

At 7:30 a.m. futures are slightly up, oil is maintaining its prices of over $82 per barrel, and the dollar remains weaker. The market is poised to open with gains for another day.

Apple is going off the charts, that is one hot company. Consumer spending is slowly rising. It would appear that the high unemployment rate and subsequent falling into poverty of so many is not enough to disturb a return to desirable shopping numbers.

CNN: Stocks ready for more gains

...a report from the Commerce Department showed that consumer spending rose 0.3% in February.


...the S&P/Case-Shiller 20-city home price index will be released.

Reuters: Stock futures signal rise; Apple, Verizon eyed

...Apple Inc appears to be working on a new iPhone model for No. 1 U.S. mobile carrier Verizon Wireless.


Oil was steady above $82 on Tuesday...