The Market On Wednesday

Good morning. Its turning into a sunny day here in upstate NY. I had a nice day yesterday as I met up with an old college friend. This is someone I have not seen for 30 plus years. It was a terrific meet up and I was inspired. We talked for a couple of hours over lunch. It was a great time.

At 8:00 a.m. futures are slightly down.

There are no real strong reasons given for the slight downturn other than European stocks sliding earlier in the day. The dollar is down and oil is up so those components should keep things a little fluffy. My sense is that once again some unknown factor will arise that will prove to be a compelling reason for the market's direction. We are still headed for a decent September even with a day or two of possible downturns.

CNN: Stocks set for weak start

The dollar fell against a broad range of currencies, including the euro, the Japanese yen and the British pound.


Crude oil futures for November delivery rose 11 cents to $76.29 a barrel in global trading.