The Market On Monday

  Good morning. It is 41 degrees and semi cloudy here in Upstate NY. It's been chilly lately, no doubt about that. Actually the temperatures seem to be cooling down faster than usual. On a personal note, my new CD 'Il Progetto d'Amore' is now available globally - iTunes, and I'm happy about that. It's a complicated little collection of music that took me almost two years to make. On a different note, clearly if the same polling numbers and such that exist today were to somehow magically transform to one month from now, Obama would be the clear cut winner. I am not willing to bestow winner on the Obama campaign yet remembering all too well how GW Bush was victorious in 2000. At the time I was 100% positive that Gore would win, and I will never put my eggs in one basket so to speak ever again. Romney is not doing a whole lot to compel people to vote for him, yet he remains relatively close to Obama in projected polling points. Obama is a fine debater, and one suspects that he will at least hold his ground.

  At 7:30 a.m. futures are moderately down, the price of oil is down, and one might presume that the dollar is mostly down against major world currencies. Right now the market is poised to open lower.

  Investors are getting disappointing economic reports out of eurozone economic giant Germany. With Germany hitting the skids and the rest of the eurozone in tumble control, the overall health of the global economy is in serious question. We already know this but the new piece of info here is Germany's latest poor business climate index report.

  Curiously there is a sense that the US economy is maintaining it's stubbornly slow but steady recovery and it's not exactly moving towards recession. The rest of the world, now that's a different story and how the two shall interact is the question of the month and months to come.

CNN: Stocks weighed down by growth worries

... Germany's business climate index falling to its lowest level since February 2010.

...choppy days as worries about a global growth slowdown persist.