The Market On Wednesday

Good morning. So I'm taking my morning walk. A car goes by on a little side street. The car is pouring smoke and fumes. As the car goes by me, my airspace is now full of petroleum fumes of all kinds and god knows what else. So I get dizzy and nauseous right away, you know what I'm talking about. I realize that the car has the social priority in our society. It has to do with the economy, our fascination with cars and technology, and a whole slew of social constructs that we embrace without question. So today when you are out and about, and a car goes by and gives you that 20 second nauseous dizzy fume burst, realize that the car has it better than you, you ingrate.

At 8:30 a.m. futures are slightly down, the dollar is mixed, and oil is up a tad.

The financial journalists are pointing to a slew of economic indicators coming through the pike, many before the opening bell. That would be: unemployment for the last week (which is due out any second), how Macy's is doing so we can get a sense of holiday spending, trade numbers, and a few more indicators. Investors have their eyes on this Big 20 meeting occurring in South Korea. How to handle the countries that are falling by the economic wayside is a big concern.

CNN: Stocks headed for a weak open

Worries about sovereign debt continue to underpin sentiment and could keep stocks trading in a tight range this week.


The dollar lost ground against the euro and British pound, but strengthened against the Japanese yen.


Oil for December delivery gained 11 cents to $86.83 a barrel.