The Market On Wednesday

Good morning. It is 56 degrees and clear here in Upstate NY. The long holiday weekend is almost within reach. I am lightly paying attention to the RNC, as you know I still believe Romney wins mostly because of the fact that someone like GW Bush won - twice. When I saw how utterly empty of any substances whatsoever that would benefit the American people within GW, I was certain he didn't have a chance. We are clearly in a similar situation, even McCain was better than Romney. What is Romney? He's the same type of empty suit Republican where you paste your to be dashed hopes and dreams. And fundamentally he's a vulture capitalist, the type of capitalist that makes brilliant inventions like market systems work to exploit the disadvantaged. Job creator indeed, the real term is job displacer as in sending the jobs overseas or cutting them out completely. Make no mistake here, the GOTP likes high unemployment, have you noticed how no action whatsoever on jobs has been undertaken by our Tea Party Congress. If you're paying attention, you've read the GOTP platform that was approved yesterday, and you also know that 1112 here we come. The thing is a medieval nightmare, carefully crafted by X-tian fundamentalists, and one or two trillionaires. Truth is I'd rather watch water evaporate than the RNC.

At 7:15 a.m. futures are slightly down, the dollar is mostly up against major world currencies, and the price of oil is not stated on CNN but I would guess it's slightly higher given that Isaac in creating demand. The market is poised to open slightly lower.

Investors are still on low volume trading easy time. The housing market offered some surprisingly good news on Tuesday, more housing data is due out today.

All in all the big note for the week comes on Friday, with Bernanke and Co probably indicating that there will be more QE in the US economic future.

CNN: Stocks to open little changed

...waiting to see if the European Central Bank...will intervene after the Spanish government released data Tuesday that showed the nation's economic recession deepening...

... in focus are oil prices, which hovered near $96 a barrel Wednesday, as Hurricane Isaac curtailed oil production along the Gulf of Mexico.

At 10 a.m. ET, the National Association of Realtors will release data on pending home sales for July...