The Market On Monday

Good morning. It is 60 degrees and hazy sunny here in Upstate NY. I hope you had an enjoyable weekend and I hope your coming week is enjoyable as well. Through the weekend we worked and worked on this old house trying to shore up some major issues before the snow flies. The list of exterior house needs is down to just a few items. Now if only we can get some sunny days instead of the deluge of rain in recent weeks then all will be fine.

At 7:50 a.m. futures are modestly higher, the dollar is mixed, and oil is down.

We have two types of trading days in the last several months. That would be days when investors are fearful of European debt crisis woes and days when fears of European debt crisis woes are eased.

Today is an eased type of day, so far that is.

There was a big meeting through the weekend with representatives of major world economies working on how to fix Europe. Notice that Geithner was present and sounding the strong warning alarm. One gets the sense that the fan and the merde are getting closer and closer.

CNN: Stocks set for higher open

U.S. Treasury Secretary Tim Geithner sounded alarm, warning that the sovereign debt and banking crisis in Europe represents "the most serious risk now confronting the world economy."


Managers of American money market funds continue to pull money out of European banks, with the French banks feeling the biggest impact.