Good morning. It is 42 degrees and sunny here in Upstate NY. If I had worn gloves on my morning dog walk the personal comfort zone would have been improved. It's cool out. Notice that establishment Republicans are calling for all GOTP members to fall in line behind Romney, plus we now have Paul Ryan making a play for the VP spot. My November vote will not so much be about who I support, but who I utterly reject. Romney reminds me of Nixon minus Nixon's bubbly happy personality and that is something to utterly reject. On another level Romney is the most salient result of a disastrously dysfunctional political system. Other than being a registered Republican, Romney will say anything to anyone in order to receive their support. Beware though, his foreign policy advisers are neocons, and that means war, make no mistake. Romney is there to transfer as much wealth as possible to the already bloated incomes of the super wealthy elite and he will do this using the same methods as Bush II.
At 8:15 a.m. futures are modestly higher, the dollar is up against all major world currencies, and the price of oil is down per barrel. Right now the market might very well open somewhat mixed with energy stocks down.
Today a few key points will be investors parsing through more data on the weak U.S. housing market while they carefully analyze Bernanke's comments to the National Association for Business Economics. I'm sure most Americans will be on the edge of their seats in anticipation.
Also, notice that China has produced a ripple in the investment world with data suggesting a slowdown in it's roaring industrial economy. That would also suggest that the world economy might be slowing as well.
CNN:
Stocks: Choppy trading ahead
...a series of dour economic reports out of China...
A report on pending home sales is due Monday...
...watching to see whether Federal Reserve chairman Ben Bernanke says anything notable...
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