The Market On Tuesday

Good morning. Nice crispy chill in the air this morning as I walked. There were lots of young joggers out this morning. Everybody is wearing sleek form fitting running outfits. I enjoy how they look on women...

At 8:15 a.m. futures are moderately down, the dollar is up, and oil is down.

After a nice decent run up on Monday, the market is poised to go down at the bell.

Bank Of America posted a huge third quarter loss this morning. Some will immediately respond with a "who cares." The information coming forward on how foreclosures are being handled has placed big banks in an even more miserable view, if that's possible.

The market is reactive and fluid. Today it is turning on a dime.

CNN: Stocks headed for early selloff

...People's Bank of China raised its benchmark deposit and lending rates...


...Bank of America reported a third-quarter net loss of $7.3 billion...


A reading on September housing starts and building permits is due out an hour before the opening bell.