Stocks are probably going to open sharply lower today on a buffet of bad news coming in from around the world.
Let's just take a quick survey.
Tension in the Korean peninsula.
The Euro crisis shows no sign of improving.
Spain may be facing a wave of bank-nationalizations and strikes as austerity measures are put into effect. This is sure to make the credit-rating companies nervous, and may prompt a downgrade of Spain's debt.
The Deep Water Horizon oil-spill has now washed ashore in Louisiana. Even Obama's allies are beginning to wonder if this might be Obama's "Katrina" moment.
Happy Tuesday, Morons.