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Tuesday, November 01, 2011

Good morning and welcome to November. It is 26 degrees and clearing here in Upstate NY. I am feeling in a word, a little fuzzy. The new dog is doing great but the late night trips outside so she gets her house training right are eating into the sleeping a bit. In another word, I'm tired and hoping I can grab a nap this afternoon. The new dog is a really good dog, she is a gentle soul, soft, easy energy, and learning the ropes well.

At 7:53 a.m. DOW futures are slightly down, the dollar is mostly up, and oil is down.

The Prime Minister of Greece has surprised the investment community by calling for a public referendum on the new austerity measures. We have seen intense protests in Greece and one might suspect that the measures will not be approved, certainly weirder things have happened. The obvious point here is that the Eurozone debt deal is not a done deal and consequently world markets will continue to react skittishly to the changing day to day observations and revelations. Before today's bell the mood is less than optimistic.

CNN: Stocks hit by surprise Greek referendum
...Greece's prime minister called an unexpected public referendum to approve Europe's bailout deal.


Monthly reports on manufacturing, construction spending and auto sales will be released on Tuesday.


Oil for December delivery slipped $2.04 to $91.15 a barrel.

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