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Tuesday, June 28, 2011

The Market On Tuesday

Good morning. It is 73 degrees and mostly sunny here in Upstate NY. I have taken to picking up litter during my morning walk. Its an attempt to do something positive first thing. Why not?

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

The investment news continues with virtually the same points. Greece is still trying to figure out how to remain a viable country. Their parliament will vote tomorrow on the newest austerity measures. Meanwhile the population is up in arms over proposed cuts.

Investors will be looking at news on home prices which more than likely will fall once again and looking at numbers on consumer confidence. Exactly how confident are you?

The underlying and probably more compelling story will be the start of second quarter numbers in July. This is what people are waiting for.

CNN: Stocks: Greece still in focus
...Greece's parliament will vote Wednesday on a five-year budget plan.


Investors will get the S&P Case-Shiller home price index for April at 9 a.m. ET...


...consumer confidence survey for June...


Oil for August delivery edged higher 30 cents to $90.91 a barrel.

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