The Market On Tuesday

Good morning. It is 59 degrees and cloudy looking like rain here in Upstate NY. Many of us have to deal with alcoholics or the children of alcoholics in our life, and its tough. I have found that these people seem to not even be aware of the effect they have on the environment. They like to needle you, they like to cause irritation and provoke you. Its like they have a need to have an emotional anger confrontation. When the confrontation does in fact occur, then they try other irritation as camouflage. Occasionally they retreat, and sometimes they like escalation. Its always a war, they are always fighting a war. It is a sad spectacle to behold.

At 8:10 a.m. futures are modestly higher, the dollar is down, and oil is slightly down.

The prediction is that the market will open higher. We can be certain that beyond that it very well may not hold based on the way the market has faltered over the last 6 plus weeks.

The ameliorating factor this morning is economic news out of China pointing to robust manufacturing in that country. China's fate is our fate.

Modifying the strong news out of China is the bottom of the barrel downgrading of Greece by Standard & Poors. In addition investors will see data on America's retail sales and manufacturer inflation. The day could get rough, a market rise is not a sure thing.

CNN: Stocks set for early bounce

Positive data out of China gave futures an early boost. The country released a report on industrial production that beat expectations...


...Standard & Poor's downgraded its rating on Greece to "CCC."


Oil for July delivery shed 47 cents to $96.83 a barrel -- its lowest level in a month.