The Market On Tuesday

Good morning. It is 64 degrees and ready to rain here in Upstate NY. We did have rain over night and this is great for the garden. We are seeing radishes, endive, lettuce, eggplant, peppers, a variety of beans, and various herbs and flowers poking up. Rain or shine, today is my long run - jog day. I plan to get out there later this afternoon and keep it going for one hour. I don't go fast but I do like to go for an hour. Try it.

At 8:15 a.m. futures are slightly higher, the dollar is up against major world currencies, and the price of oil is down per barrel. The market is poised to open flat but we are quite willing to take another day like yesterday. Curious to see Facebook drop in value on Monday considering most equities gained a few percentages. Warren Buffet didn't buy Facebook and that was strong enough advice for me.

Investors are weighing the pros and cons of the global economy. I think the fundamental issue will remain in the eurozone as we all watch the Greek economy collapse and then follow along to see how that bad outcome will be managed. Also we will see what collapses along with it and that point is possibly the most salient to the global economy. It has to be very discouraging to be a regular citizen of Greece of now.

CNN: Investors weigh global economic news

...credit rating agency Fitch downgraded Japan, the world's No. 3 economy, and suggested further downgrades were possible


...a report showing lower inflation in the United Kingdom...


...forecasts for the eurozone economy to a decline of 0.1% this year...