The Market On Monday

  Good morning. It is 62 degrees and the sun is trying to appear here in the Upper Hudson Valley. We could be in for a gorgeous day, eventually. I hope you had an excellent weekend. If this coming week is anything like last week, hang on to your hats. World events are fluid and as we know not all of it is positive. Living in Upstate NY, the escapees, one shot dead and the other shot, still alive, and now in custody, is a strong story. What a life, misery from day one for Sweat as I watched a clip of his mother. What a household to grow up in. Yeow.

  At 8:30 a.m. ET futures are significantly lower and the price of oil per barrel is down. The market will tank bigtime at the opening bell.

  One word - Greece. It appears that the proverbial shite has hit the fan and investors are running around like their hair is on fire ditching equities as fast as possible. My advice is to keep cool, corrections happen, this is how the market works.

CNN: Stocks: 5 things to know before the open

The country (Greece) now appears almost certain to default on a critical debt payment due to the International Monetary Fund due Tuesday.