The Market On Tuesday

Welcome to June. Time is flying. I hope everyone had a great holiday weekend. We planted our vegetable garden in beautiful weather. I also attended a party where the person had planted their garden or at least parts of it back in March. This thing was ripping. Everything is way ahead of schedule this year due to the mild and warmer Spring.

At 7:45 a.m. futures are significantly down, the dollar is only down against the yen, and the price of oil is down. Its pretty safe to say the market will drop at the start.

After that who knows. There is an important report on manufacturing due out. If the report indicates that the fiscal problems in Europe are taking a toll on orders then all hell breaks loose, probably. I would say it would hasten the impulse to sell. On the other hand the market has been very reactive to hidden factors that the morning journalists ignore.

We are probably back to testing our stomachs.

CNN: Stocks set for a lower start

A report of slower economic growth in China and new questions about the stability of the euro alliance helped put the world situation high among investor concerns.


A closely watched report on manufacturing activity is due after the market open.