At 7:00 a.m. ET futures are slightly lower and the price of oil per barrel is up. The market is poised to open lower.
What can we say. Despite the predictions and warnings of a few strong voices, the DOW is now well over 18,000 and all appears hunky dory in investment world. For the time being light crude oil is stabilizing around $50 a barrel, while Brent crude is around $60. Personally I am happy to see that Kelly Renee Gissendaner's execution in Georgia was postponed as I am not a pro death penalty person. Everything I read indicates that this person has done about all she can to make amends in her personal life and with all due respect isn't that the point.
CNN: Stocks: 4 things to know before the open
A wide range of countries around the world have been cutting interest rates over the past few months, which has pushed their currencies lower.
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