The Market On Wednesday

At 6:30 a.m. futures are moderately up. Go figure. On Tuesday the market tanked like a free falling brick. The best explanation the journalists have come up with for this drop was a report on possible stalled economic growth in China for the latter half of 2010. China is the economy behind the economy. This should be clear as a bell.

Right now the DOW appears to be comfortable just below 10,000. Some of you might want to consult with your advisers and people that are really in the know. Its possible that a buying opportunity could be emerging, but do consult with the experts. Investing in the stock market is often done for the long haul. A person has to be able to stomach the ups and downs that occur day to day, week to week, and month to month. Think in ten year intervals.

CNN: Stocks look for recovery

One of the triggers for the selloff (on Tuesday) was a report that suggested growth in China would slow in the second half of 2010, which raised worries about the prospect of a global economic slowdown.


A report on private sector jobs by payroll processing firm ADP comes out at 8:15 a.m. ET.


...a reading on business activity in the Midwest, is slated for release at 9:15 a.m. ET.

Reuters: Wall Street futures point to firmer open

The euro rebounded after two days of steep losses, but investors remained worried about the global recovery and concerned the European Central Bank may be pulling back emergency funds too quickly.


Investors fled the U.S. stock market on Tuesday and the S&P 500 tumbled to its lowest level in eight months in a sell-off triggered by a wave of increasing alarm over the global economic outlook.