The Market On Tuesday

  Good morning. It is 63 degrees and raining here in Upstate NY. Thank goodness for the rain, it's been dry around here lately. The tomato plants are spent, grass is looking browner by the day, tree leaves are brown, so we really need some water. Amazing leak of Romney's real sense of the American public, would you agree. We would expect to hear this type of statement coming from FOX and some sniveling elite creep but not a presidential candidate. He's starting right out of the gate with a detestable contempt for half of all Americans and it doesn't get any better from there. Some people are saying the leak was the moment when Romney lost the election. It's all over the place and one wonders how the mainstream media in the USA will handle it. I can't wait to hear how Coulter turns it into a problem for Democrats, now that's creativity.

  At 8:00 a.m. futures are slightly lower, the dollar is mostly up against major world currencies, and the price of oil is down per barrel. The market is poised to open lower.

  Investors truly have a lot of economic data and pre-existing conditions in the economy to weed through and make sense out of in relation to the indexes. There's a new beef between the US and China over trade regulations. The eurozone and especially Spain are casting doubt on a recovery plan for that continent. All types of data on the US economy are out as well with manufacturing and the troubled housing market in focus. One suspects that the market is due for a correction.

CNN: Stocks: Investors pull back

Oil prices fell for the second day in a row, a day after plunging more than $3 in less than a minute...which left many traders scratching their heads.

Uncertainty over whether Spain would request a bailout, or even qualify for one, was dampening any enthusiasm investors had over the ECB's recent announcement that it would be willing to buy sovereign debt...

FedEx is often considered a bellwether for the global economy due to its size, worldwide presence and its role in shipping.