The Market On Wednesday

Good morning. This is always a more pastoral type of work week. At least for me it is. It is sunny, lightly breezy, and cooler here in Upstate NY. Walking was fine this morning with the moon out and bright at 6 a.m. Sun, moon, man, woman - such fundamental words, I was thinking about their origins and the origins of language as I walked.

At 8:15 a.m. futures are slightly higher, the dollar is mixed, and oil is slightly up.

The journalists are pointing to investor concerns over fiscally unstable Spain and Portugal as the next Eurozone catastrophe of worry.

Today the investment class will also be parsing data on employment, personal income, and housing. Do you have any money you ingrate? I didn't think so.

A lot of Wall Street types are sunning themselves on the beautiful beaches of the tropical world right about now. When they pamper themselves, the market is left to the whims of the few remaining, the die-hards.

I think they want to give themselves a happy ending for a Happy Thanksgiving.

CNN: Stocks set to rise, but eurozone watch continues

...attention now shifting to Portugal and Spain, both of which are far from out of the woods.


...a full docket of economic reports: personal income, durable goods, weekly jobless claims and new home sales.


Deere, the tractor and lawn mower maker, reported earnings per share of $1.07, topping analyst expectations.


Oil for January delivery gained 27 cents, rising to $81.52 a barrel.