The Market On Thursday

At 8:15 a.m. futures are significantly down, oil is down per barrel, and the dollar is up against the euro and down against the yen.

What can we say, the market is tumbling down. There is a lot of fear and negative emotion being expressed. This surrounds the European insolvency issues, financial reform, Germany's ban on some short selling, and probably anything else you can think of.

I am suspicious. Its looking like a negative emotional virus has hit the chambers. Corporate results have been decent and certain indicators are positive, yet there is a wave of volatility.

Is this another Bolshevik pot? Back to my crystal ball.

CNN: Stocks set to slump

An expansive bill to overhaul U.S. financial rules failed a key test vote in the Senate late Wednesday.


A report on weekly jobless claims comes out at 8:30 a.m...

Reuters: Stock futures tumble on uncertainty over Europe

...uncertainty grew about the direction of European policy following Germany's unilateral ban on certain stock and bond transactions earlier in the week.