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Tuesday, November 20, 2012

The Market On Tuesday

  Good morning. It is 25 degrees and sunny here in Upstate NY. The forecast shows sunny days through the week including Thanksgiving Day - we shall see but right now it's encouraging. House Republicans have turned their attention to Susan Rice as being unfit for S.O.S. duty while the rest of the world's attention is looking and cringing at the escalation of Israel and Gaza round 1,000,000. Not surprising to see the GOP looking in the wrong direction and picking the wrong fight at the wrong time. They're like a sudden thorn field for a group of barefoot runners. Who can step forward and get the Israelis and the Palestinians to cool it for good. Just cool it, the world has had it with all of you.

  At 8:00 a.m. futures are flat, the dollar is mostly down against major world currencies, and the price of oil is down per barrel. The market is poised to open in the flat to lower area. Maybe during the day it will pick up.

  Investors are turning their attention back to the ongoing eurozone crisis. That seemingly will also never end. This time it's back to Greece and the facts surrounding the release of more bailout founds.

  Of course it's the new war which is catching everyone's attention. Oil is always at the center of the Middle East and one suspects this is far more important to the financial world than human life. Notice how the conflict will increase the price of oil over time.

CNN: Stocks headed for choppy day
Eurozone finance ministers were meeting Tuesday to discuss the latest release of bailout funds for Greece... ...
Moody's downgraded France's credit rating...
Oil prices have been ticking up amid growing concern about a possible ground war in Gaza.
Shares of Krispy Kreme Doughnuts Inc jumped 13%...

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