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Tuesday, June 22, 2010

The Market On Tuesday

At 8:00 a.m. futures are slightly down, the dollar is mixed, and the price of oil per barrel is down.

Investors will be looking at housing market data today. Also there is a new Fed meeting also starting today that ends on Wednesday.

After some enlightening news on China's currency on Monday, everything has returned to a worrisome approach. You got me...

CNN: Stocks poised for lackluster start
A report on existing home sales from the National Association of Realtors is due after the market open.


The FHFA Housing price index for April is also due in the morning.


U.S. light crude oil for July delivery fell $1.14 to $76.68 a barrel on the New York Mercantile Exchange.
CNN: How to ride an up-and-down market
Even if you don't try to exploit volatility, at minimum you shouldn't run from it. "In general, when the public gets scared, that's the time to take advantage of volatility if you've got the intestinal fortitude...At the very least it's a signal to not get out of the market, because investors inevitably bail out at the bottom."

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