The Market On Wednesday

Good morning and welcome to 'Hump Day'. I tried a different tactic this morning, I ran my 2.5 mile route instead of walking. All checks seem to indicate that nothing important fell off, broke, sprained, or tore, the body remains in one piece. I'm thinking maybe I could try running two times a week. We will see. My weight is finally approaching a better number so the strain on the knees is less. Its really the knees that gets you when you get older.

At 8:00 a.m. futures are slightly up, the dollar is down, and oil is slightly down. Not sure if the CNN headline with stocks set for a bounce is a statement of veracity.

The short story is that indicators on the economy are coming in with poor numbers. Some investors are thinking another recession, some are thinking weak patch in the recovery.

Personally I can't see how the economy lifts in the near and distant future. The House, Senate, and President basically signed off on an economy killing measure. I don't really understand why the GOP is so dead set on killing the economy and the middle class but they are and kill it off they will.

We needed three things to get the economy rolling and this includes how to lower the deficit. We needed to get out of a war or two or three, we need to tax the rich at the rate that Reagan taxed them, and we need jobs - jobs - jobs. Instead we got a bill that rips up the middle class, and opens to door to poverty for seniors, minorities, the sick, essentially anyone who is not rich at an elite level, does nothing to increase jobs, and increases the military budget! The priorities are ass backwards.

Hey we'll all learn how to eat weeds and we can make huge bonfires out the empty shells of decaying houses throughout suburbs and cities in order to keep ourselves warm in the intensifying and colder winters ahead.

CNN: Stocks set for a bounce

...traders are tyring to keep the S&P 500 above the psychological barrier of 1,250.


...on Tuesday, as fears about a weak U.S. economy were enflamed, after investors got another disappointing economic report -- this time on consumer spending.


Fitch Ratings and Moody's Investors Services confirmed the nation's AAA status Tuesday...


Fears about a slowing global economy triggered losses in world markets.