The Market On Tuesday

Good morning. It is 59 degrees and sunny here in Upstate NY. The logo is calling for storms later on in the day, we shall see about that. I am surprised to read Akin's rape remark fallout is still on center stage throughout the internet especially on HuffPo. America's attention span is about 12 hours long and this is going on day 3 because in the news cycle 0 is 1, the point at which the story comes forth is day 1. Also notice that the GOTP convention platform will call for a Constitutional ban on abortions. I cannot emphasize my fundamental belief that the US needs to find a two state solution for itself. Hey, create a second country, make everybody happy.

At 8 a.m. futures are modestly higher, the dollar is down against major world currencies, and the price of oil is slightly down per barrel. The market is poised to open in the mixed to slightly higher zone.

As we know we are into a lull period on Wall Street with many investors on vacation. As a result we are seeing a stable and ever so slightly shifting market. This can only mean that some kind of breakout day is coming soon, good or bad. Also recall that the DOW is presently perched in the vicinity of a four year high - good news for Obama and no doubt good news for the GOTP as they ignore the number and continue with the disinformation format. Bless their twisted little souls. Seriously now, to believe that you have the moral duty to lie because your concept of the world is superior, that's just a little too flimsy and arrogant for my tastes. As we see, Akin included, Ryan included, we have an authoritarian class of people who have so fundamentally bought into this superior position meme that it has virtually crippled their own sense of curiosity and especially their sense of intellectual curiosity. Now that I write this it is clearer to me why higher education or even education in general is now frowned upon in the GOTP. Their idea is why learn something when you already know it all. Yeah, we're screwed.

CNN: Stocks: Europe draws interest

...Greek prime minister Antonis Samaras meets with eurozone officials throughout the week....to push for a two-year extension of Greece's bailout program...

... investors will look for clues about whether quantitative easing could be coming when chairman Ben Bernanke speaks at the Jackson Hole, Wyo., symposium at the end of the month.