The Market On Thursday

Good morning. It is 51 degrees and hazy here in Upstate NY. The weather logo has us in the 80s and sunny later on today. That would possibly be a record high temperature in these parts. The early blooming continues, shrubs, leaves, it's all coming out. We are in the garden planning stage as well - looking forward to fresh garden vegetables, yes.

At 8:25 a.m. futures are significantly lower, the dollar is up against major world currencies, and the price of oil is down per barrel. At the moment the market is set to open with a thud.

Investors are alarmed that China's stunning economic growth has slowed down for a 60 minute period sometime in March. Truly it's ridiculous. Wall Street is only geared up for one thing, booms, major booms, anything other than a booming growing economy is failure. We really need to get past this, we need to evolve a little bit more. The world cannot maintain or support unlimited economic growth into the distant unknown future. It can't happen yet our economy is established only for this purpose. It's like a disease that completely gorges itself on the host body until the host dies and voila, so does the disease organism.

CNN: Stocks: Growth worries dampen enthusiasm

(Regarding China) A reading below 50 indicates the sector is contracting, and HSBC said that a significant drop in new orders acted as the primary drag on manufacturing.


...Germany showed the eurozone stalwart hit a soft patch in March...