The Market On Monday

Good morning. I hope you had a good weekend. I spent the weekend working on this old house. There was the usual yard work, some painting, and I have started to remodel half of the living room. If my schedule stays in tact, I will remodel the other half next year. After that only the dining room remains and this old house will be good to go.

At 8:30 a.m. DOW futures are down 85 points, the dollar is mixed, and oil is down.

Its really simple, the market is responding to the lack of a deal on the debt ceiling.

I am stunned that the GOP is willing to take down not only the US economy, but the world economy, in order to increase the wealth of the elite super rich. That would be loyalty at the expense of literally billions of ordinary people. Its unfathomable. Over the years we have witnessed GOP blunder after disaster after blunder and now we are looking at something that literally could take years if not a decade to repair. The GOP obviously despises the middle class in this country, and this unbelievable tactic will deal the middle class a massive wound.

CNN: Stocks set to drop after debt talks falter

"The view is that the U.S. will at some point this week have a deal done..."


If Congress fails to raise the $14.3 trillion debt limit, Americans could face rising interest rates and a declining dollar, among other problems.


...Moody's downgraded Greece yet again...