The Market On Monday

At 7 a.m. futures are significantly down, the dollar is up against the euro, and the price of oil is slightly up.

Barring a change of heart from a decent report on April home sales or some unknown positive game changing element, the market is poised to start with a drop and probably skid till closing time.

We are back to a period of volatility and bearish sentiment.

CNN: Stocks: Looks to be a dour day

U.S. stocks have been volatile amid concerns about global growth.


Investors will digest a report on existing home sales in April.

Reuters: Stock futures signal losses

Oil snapped three straight sessions of declines and slightly rose above $70 a barrel on Monday, but analysts said sentiment remains fragile and prices could again be hit by macroeconomic pessimism.