The Market On Wednesday

  Good morning. It is 57 degrees with dark clouds on the edge of raining here in Upstate NY. Shortly I will be getting neck and spinal bones cracked and pushed back into a better place - it's time to see the chiropractor. I am a fan of chiropractic medicine. I've been seeing this guy for several months and it seems to really be helping all kinds of "issues". Regarding Romney, how about this man's impertinence. He calls for a ban on political contributions from teacher's unions. You have just got to love it. When you clearly see a group a people that will not vote for you because you want to decimate their union, what do you do? Well you just dismiss them and establish laws that prevent them from expressing their rights as part of the voting electorate. Is this guy for real? This tape of him talking about dismissing half the population, clearly it has empowered Romney to not be secretive about anything. Of course the conservative chorus will be echoing this ridiculous sentiment all day long. Here's what I propose, if you are a conservative, move to a Red State and establish your own little country.

  At 7:30 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. Recall that on Tuesday the DOW plunged over 100 points.

  Investors are looking at footage of people going absolutely bonkers in Greece and Spain as the ugly imposition of austerity reaches the ordinary people and stirs intense disgust with their respective governments. Give Romney four years and you will see more of that here except it won't make it on national TV, it will only be known in the communities where it is occurring and to those willing to seek out that information.

  Essentially it's another day of fears over the messy and contracting world economy with China and the eurozone in focus.

CNN: Stocks plagued by 'nervousness'

Thousands of demonstrators took to the streets in Greece in protest of new austerity measures. And, in Spain, anti-austerity protests in Madrid turned violent...

...China stocks continue to struggle on economic growth concerns.

...in the United States, reports are due on new home sales and mortgage applications.