With the news of global markets sinking today, expect our stock market to go down when it re-opens from the holiday tomorrow:

If futures contracts traded on a day when U.S. stocks weren’t even due to open are anything near accurate, then markets will be in for a major decline on Tuesday, with concerns about bond insurers and the health of financial institutions dragging markets lower.

Also Bob has pointed out something interesting – why aren’t the pundits talking about this being the second Bush to lead us into recession?