World Markets and Futures

• Futures are pointing to a much lower open

• Asian Markets are trading much lower

• Euoropean Markets are trading much lower

• Housing Starts at 8:30 am Market expects 1405K

• Initial Claims at 8:30 am Market expects 315K

• Philadelphia Fed at 12 noon Market expects 8.0
  

• Oil is trading down and is currently $71.28 per barrel

• Gold is trading down and is currently $673.90 per ounce