Wednesday, December 15, 2010

The Market On Wednesday

Good morning. It is clearer and cold here in Upstate NY. Saw a hawk flying around in the backyard a little while ago. The hawk was being harassed by some crows. Quite a large wingspan on the hawk, it might be time to learn about it.

At 8:25 a.m. futures are slightly down, the dollar is up against major world currencies, and oil is down.

Four points seem pertinent.

Spain continues to catch investors' attention as that country is in shark infested economic waters. Europe is in trouble.

The Fed announced that it is keeping interest rates at close to zero, and that it plans to continue with quantitative easing.

Investors are awaiting word on our brave Congress's need to give the wealthiest an itty bitty tax cut, as Bush the Lesser would say, and begin its decisive mission to dissemble SSI. Bless their chicken shit little lives.

Several economic indicators will come through the pike all day long.

CNN: Stocks poised to fall at the open
...the Fed kept rates steady and left its bond-buying plan alone


Moody's said it may downgrade Spain's local and foreign currency government bond ratings.


Oil for January delivery slipped 90 cents to $87.38 a barrel.

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