(As of 7:05 am pacific)
It is very quiet this morning
as the market tries to stabilize after Friday's significant market drop. There is not much in the way of economic
data, so it seems that the market direction will go as earnings go today. Europe is stable, with some evidence of
dissention, but nothing of import. Asian
markets were up overnight. Oil, gold and
other commodities are close to unchanged as is the US dollar. Caterpillar announced a weak projection for
the rest of the year, adding negativity to the early going. Political activity is having an impact as the
third and final Presidential debate is on tap and investors contemplate the
fiscal cliff that is fast approaching.
It appears that a very quiet day is on tap.
