The Market On Tuesday

At 8:15 a.m. futures are modestly up, the dollar is up against the pound and yen and the same against the euro, oil is slightly up per barrel.

We are in a negative feedback loop period with the market. Futures no longer seem relevant, as the market keeps tanking by the end of the day. I suspect one of these days we will have some gains.

European insolvency is a big deal and clearly its going to take some time to get that mess into a better perspective.

CNN: Stocks set to bounce off 7-month lows

Day after day, it seems stock futures may look like they're heading higher in the morning, only to fizzle out and post losses later in the afternoon.


With no major economic news to set the tone Tuesday, investors will probably continue to focus on signs of weakness in the U.S. economy and developments out of Europe.