Monday, January 30, 2012

The Market On Monday

Good morning. It is 27 degrees and cloudy here in Upstate NY. Its Monday and its back to the grind. Out walking the new doggie this morning we came across a very friendly 2 year old beagle mix. The two played very nicely together with lots of tail wagging and doggie camaraderie. Dog owners love that kind of thing.

At 8:25 a.m. futures are moderately down, the dollar is mostly up against major world currencies, and oil is down in price per barrel. The market is poised to open lower.

Its a back to worries about the Eurozone crisis type of day. The big news surrounds the non accomplishment of a deal concerning Greece's upcoming default in March. No deal means investors are concerned.

Interesting data comes out today on personal income. We need to learn more about this data because there's income and then there's income. If personal income goes up does this mean most everyone's income is up or is it just the ultra wealthy being averaged into the mix. One suspects its the latter and one also suspects Wall Street could care less where the numbers come from.

CNN: Stocks: Investors bemoan unfinished Greek deal
Greek officials finished the weekend without a deal in their ongoing talks with private-sector creditors, and investors will be looking this week for the parties to finally reach an agreement.

...investors are growing worried about Portugal...

(Report on) The personal consumption expenditures index...

(Report on) Personal income...

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