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Monday, February 28, 2011

The Market On Monday

Good morning. It is raining and around 32 degrees here in Upstate NY. We seem to be in a wave of very fluid news with the assault on democracy in the US and the craving for democracy in the Middle East. How about Governor Walker, he is unmoved by 100,000 people screaming in his bedroom. Walker's policy has fallen apart at the seems, its nothing more than a greedy attempt to privatize Wisconsin's infrastructure.

At 8:35 a.m. futures are modestly up, the dollar is mixed, and oil is down.

News from the Federal Reserve suggesting that the economy is continuing its ascent and news from Warren Buffet on his interest in going into buying frenzy mode have made investors happy for the moment.

I am of the opinion that the GOP is out to tank the economy this year. They want more power in 2012 and a tanking economy that will be blamed on Obama is their route of choice.

Hey GOP, where are the jobs? Jobs will not be coming from the GOP.

CNN: Investors taking a step back
...reports on personal income and spending.


"The news has been largely positive for equities and there is a bias towards seeing the positive side of things..."


Investors will get January personal income and spending figures from the Commerce Department at 8:30 a.m. ET.


Oil for April delivery slipped 34 cents to $98.22 a barrel.

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