The Market On Tuesday

At 7:40 a.m. futures are extremely down, the price of oil per barrel is down over $2, and the dollar is floating as the euro continues to devalue.

According to the financial journalists, confidence in the world economy is poor to horrible with Europe leading the way. Spain is now bailing out banks.

Look on the bright side, the summer is approaching and the living is easy in a frugal, poorer type of way.

CNN: Stocks set for big selloff

Investors will be keeping tabs on the Case-Shiller index of home prices in 20 U.S. cities, which comes out at 9 a.m. ET. The index is expected to have risen 2.8% in March after climbing 0.6% in February.


Also on tap is reading on consumer confidence at 10 a.m. ET. The Conference Board's index is expected to have risen to 58.3 in May from 57.9 in April.