The Market On Tuesday

Good morning. It is 43 degrees and clearing here in Upstate NY. The snow that only a few days ago covered lawns is now gone, maybe 5% remains but only for a short time. The unusually mild January temperatures are returning. A lot of people are wondering if the sub freezing temperatures have already come and gone. Let's not jinx it now okay...

At 8:05 a.m. futures are modestly down, the dollar is up against all major world currencies, and oil is down in price. Right now the markets are poised to open lower.

The market summation articles are pointing to major concerns with how Greece will travel through its economic implosion. There's a lot at stake here simply because Greece is on the leading edge of other Eurozone countries in similar precarious situations.

Beyond that, the fourth quarter reports continue to come through and as far as I can tell they are adequate. So one must presume that the Greece crisis really is a big deal as it is overshadowing other data.

CNN: Stocks: Eyes on Greek debt and earnings

"The primary impact of the Greek debt crisis is an overwhelmingly negative impact to and deflation of confidence in world markets..."


The International Monetary Fund will release its World Economic Outlook later Tuesday.