The Market On Monday

Good morning. It is 41 degrees and sunny here in Upstate NY. My morning walk was very serene and quiet, just lovely actually. Its dark at 6 a.m. now and on top of that its getting cold. Not many were out this morning, only one jogger and several dog walkers. It looks like its going to be a gorgeous clear early fall day, its the stuff of legends.

At 8:20 a.m. futures are significantly down, the dollar is mixed, and oil is down. Its probably safe to say the market will open much lower.

Investors have turned their focus once again to the European debt crisis. Last week all was good or at least appeased in this department, but now concerns over the Greek debt crisis in particular are back. It pretty simple, until this thing is thoroughly resolved the market will continue to react with volatility. The resolution is going to take time but according to what we are reading Greece could run out of money very soon. At that point a new uncharted territory appears.

CNN: Stocks set to plunge at the open

...the plan for increased stringency in Europe didn't ease investors' fears for how the region will get out of its current situation.


"We are drawing closer to the date at which the Greek government is going to run out of money..."