The Market On Wednesday

Good morning and welcome to hump day. It is 59 degrees and sort of clear here in Upstate NY. Rain day after rain day has been the pattern for weeks and that pattern might briefly change today, briefly.

I was just navigating the CNN website and the owners have made that site practically useless. You are hit with an endless barrage of pop up advertisements on every page and sometimes more that once on a page. One must assume that this is the growing trend. This is how "content" is paid for. We miss the good old days of the early web in the 90s.

At 8 a.m. futures are slightly down, oil is down, and the dollar is mixed.

According to investment journalists, investors are at a standstill. There is concern that the economy is slowing again, Eurozone insolvency worries linger, and quantitative easing is about to end. These concerns are weighing on the various US indexes and global markets as well. One expects a market correction, some are willing to suggest how deep, others not. It is an iffy time.

CNN: Stocks headed for weak opening

...a slowing U.S. recovery, European debt problems, and the end of the Federal Reserve's bond-buying program.


Oil for July delivery slipped 35 cents to $99.23 a barrel.