The Market On Tuesday

Good morning. The snow remains on the ground around here. Its gray, damp, and chilly out. The leaves are 85% off the trees with the few leaves remaining on the trees now more pale yellow and brown. The color vibrancy is gone. Its a typical November, the gray and naked month.

At 8:30 a.m. futures are slightly up, the dollar is down, and oil is up marching towards $90 per barrel.

I'm taking two things away from the morning market preview. One is that investors are still parsing the impact of QE2. That would be the second quantitative easing to be undertaken by the Fed. Two would be the upcoming Big 20 meeting in South Korea where the world's richest nations will figure out how to make corporate activity more profitable than ever.

Everywhere else people are attempting to go about their regular daily business.

CNN: Stocks poised for early gains

...trading could be choppy.


"Today we are going to be looking at the continued effect - or not - of QE2 on the U.S. and global economy..."


The only economic data expected Tuesday is a report on wholesale inventories, which comes out shortly after the opening bell.


Oil for December delivery gained 26 cents to $87.32 a barrel.