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Monday, August 23, 2010

The Market On Monday

At 7:30 a.m. stock futures are moderately higher. Yes, you read that correctly.

We have learned to recognize that the market now turns on a dime, so although the pre-market numbers are improved, it could be a long day.

Allegedly there is no significant economic data on tap for today. If that were true, then the day would be a clear sail.

Expect some ameliorating factor that is unknown by investment journalists to be the thing that pulls the market up or down. It could possibly be an M&A or a political hot point.

CNN: Stocks poised to edge higher
No major readings are on tap for Monday.


European shares were modestly higher in mid-morning trade.


Oil futures for October delivery rose 14 cents to $73.96 a barrel.

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