The Market On Monday

Good morning. It is 66 degrees and mostly sunny here in Upstate NY. The weather logos have sun for the next few days and we are happy to see it after a full week of rain. I must say the lushness of the vegetation is very rich. There is an outpouring of green and plant growth at all levels. Also the humidity has been absent most of this time and the temperatures have been quite nice and comfortable.

At 8:05 a.m. futures are slightly higher, the dollar is mixed, and the price of oil per barrel is slightly lower.

Investors will be looking at data on personal income and spending. One thing we need to do is understand who is being included in this data. If it is as I suspect then it is a poor reflection of the ordinary person particularly if the ultra rich are averaged into the numbers.

Talk of the Greek debt crisis continues and will continue. At the moment nothing is jumping out and saying extreme tragedy in the markets for the next few hours.

CNN: Stocks: Investors wary over Greece

...investors awaited personal income and spending data.


European stocks were mixed ahead of the debate on the austerity package for Greece


Oil for August delivery slipped 36 cents to $90.80 a barrel.