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Tuesday, May 31, 2011

The Market On Tuesday

Good morning. It is 66 degrees and sunny here in Upstate NY. I hope you had a fine holiday weekend. We planted our vegetable garden on Sunday and Monday. A few weeks ago we decided to not buy into a farm share and to put the money into expanding our garden. The new and improved garden is about 150% larger but overall it still seems modest. We planted marigolds around the perimeter to try to keep certain pests away. We have a very high fence as well because deer come through the yard all day long and they are known to be amazing leapers. It looks pretty good I must say, today's sore back is a fair exchange.

At 8:00 a.m. futures are modestly up, the dollar is mixed, and oil is up.

The salient news seems to be surrounding a new proposal to keep Greece afloat along with upbeat data on manufacturing in Japan.

On Friday the government will release the all important data on job creation or lack there of in the private sector. This is one to cross fingers over as we all would like to see the job market improve from its anemic state.

Generally speaking, the market appears set to open higher. Enjoy your day.

CNN: Stocks prep for gains after long weekend
...investors wrestle with signs of a slower economic recovery, but remain optimistic about strong corporate earnings...


S&P Case-Shiller will release the latest home prices report Tuesday...


Oil for July delivery rose $1.52 to $102.11 a barrel.

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