The Market On Monday

Good morning. It is Thanksgiving week. Its going to be a nice short week. Its a good week to try to relax and go with the old flow. My job is to eat sensibly.

At 8:20 a.m. futures are relatively flat, the dollar is down, and oil is up.

Many investors will probably be taking a lot of the week off. When that happens the market is subject to more volatility.

Ireland is still a hot topic and yesterday there was movement towards that country securing loans for its huge implosion. The European crisis is a big deal with Spain and Portugal now frequently mentioned as insolvent and in need of an economic makeover.

Considering that futures are flat, the dollar is down, oil is up, and Ireland is making progress, one might imagine that the indexes will at worst stay flat and possibly show some gains. But you never know...

CNN: Stocks headed for a weak start

The volatility was driven by nervousness over China's efforts to temper bank lending and a potential bailout for Ireland.


Reports on the agenda Tuesday and Wednesday include a revised reading on U.S. economic growth, housing data and durable goods orders, as well as personal income and spending figures.


Oil for January delivery gained 81 cents to $82.79 a barrel.