The Market On Thursday

  Good morning. It is 69 degrees and mostly cloudy here in Upstate NY. We might even get another day of thunder storms, my poor dog. We are now trying "Rescue Remedy" with her to see if that can help keep her happier during the booms. Basketball fans were thrilled last night with the Heat vs Pacers game. I must say these two teams are quite well matched, the Pacers are good. They deserved to beat the Knicks, they are the superior team.

  At 7:50 a.m. futures are severely lower and the price of oil per barrel is down. The market is poised to open with a resounding thud.

  Investors will be fleeing equities today on weak data indicating a slowdown in Chinese manufacturing. The manufacturing hub of the world produced less in recent months - good news for the world, bad news for the world's economy as it presently exists. The predictions on how steeply the market will drop are dizzying. It looks like the shoe we have been waiting for to drop, is about to drop.

CNN: Wall Street braces for China and Fed fallout

...Asian markets ended the day with sharp losses.

...worse-than-expected Chinese data that showed manufacturing slowed for the first time in seven months...