Monday, November 08, 2010

The Market On Monday

Good morning. I hope you had a good weekend. I was busy with this old house on Saturday, then a sore back made me putz around on Sunday. I didn't buy a cookie at the farmer's market, I got to drop ten.

At 8:30 a.m. futures are slightly down, the dollar is mixed against world currencies, and oil is slightly down.

The financial journalists are saying that the upcoming Group of 20 meeting on Thursday will set this week's market tone. That's convenient, but the market still responds to those frequently arising surprises.

Either way, its nice seeing the DOW perched so high. We have waited two years for this. I hope the view is good for you.

CNN: Stocks set to slip at open
On Thursday, leaders of the world's major economies -- including President Obama -- will start a two-day summit in South Korea. The Group of 20 is expected to discuss recent currency tensions and other global economic challenges.


Oil for December delivery dropped 27 cents to $86.58 a barrel.

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