(as of 7:00 AM PST)
Positive economic data pulled stocks higher this morning at the start. Consumer spending surged to its highest level in years and inflation appeared well in check. Jobless claims were up a small amount, but well within expectations. The drama of the Greek financial crisis continues to weigh on international markets with Europe and Asia down moderately. Greece will continue to be the source of volatility until a deal is struck which will push the crisis off to another day. Yesterday the markets decline accelerated as the day wore on with financial gurus chiming in that stocks are overheated and due for a correction. Some of that analysis continues to subdue market optimism this morning. Oil is down a small amount while precious metals are about breakeven. It looks like a bounce back day after yesterday's fall.
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