Tuesday, May 03, 2011

The Market On Tuesday

Good morning. It is 55 degrees and cloudy here in Upstate NY. I am seeing the little lightning rod in the weather forecast graphic for today. Kaboom. I was out walking the mean-free streets of suburbia slightly earlier this morning as I like to move about at sunrise. I think there must be some kind of genetic timer that kicks in as we get older where we have to get up with the sun. I also sleep less, a lot less, its weird.

At 7:15 a.m. futures are moderately down, the dollar is mixed, and oil is down. The trifecta for a drop at the opening bell is in. Keep it sane and consensual boys.

Investors are so done with Obama. Now its back to things like car sales, manufacturing, and Q1 reports. How boring yet necessary in a capitalist plutocracy with democratic highlights.

If you have invested in Pfizer, MasterCard, or Archer Daniels Midland today is your day as their Q1's are coming up. We know what Pfiser does - big pharma, we know what MasterCard is all about - big debt, and ADM is all about massive agribusiness spanning unlimited horizons. On a particular level of understanding, who the hell cares? These are the kinds of corporate entities we have all begrudgingly ass kissed and accepted as a normal part of modern life. Surely you don't mean that...

CNN: Stocks set to open lower
The Commerce Department releases data on March factory orders at 10 a.m. ET...


Investors will also get monthly auto sales figures from the major car makers starting around 11 a.m. ET.


Japan's Nikkei was closed for holiday.


Oil for June delivery fell $1.13 cents to $112.39 a barrel.

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