The Market On Tuesday

Good morning. It is 65 degrees and hazy here in Upstate NY. I just spent the last half hour trying to log into this f-ing blog. If for some reason you don't see new posts around here its not because I'm not trying, its because blogger is being very finicky lately. I am considering moving the whole thing to a .com address. If I do I will link.

Is anybody else having these kinds of issues with blogger?

At 8:15 a.m. futures are modestly up, the dollar is down, and oil is up.

Right at this moment the market is poised to open higher, but who knows what hell could break loose between now and then. Seriously, its been a tumultuous period to say the least.

The journalists are hard pressed to explain the unexpected change in the market for today but are simply saying that the Eurozone debt woes are on hold. Clearly they will reappear for an extended period of time. Its a big deal.

Personally I am guessing that the market goes through a correction. The factors that will cause the market to rise will be consistent indicators that the US economy is holding ground. Right now, we are on shaky ground.

CNN: Stocks head for modest rebound

"...we're waiting with bated breath for the next big thing to happen."


"Between signs of slower growth in the United States and the re-emergence of sovereign debt problems, there's not a whole lot to drive enthusiasm right now..."


Traders will be looking for government data on April new home sales, due shortly after the opening bell.


Oil for July delivery gained $1.20, or more than 1%, to $98.90 a barrel.