Gm Chrysler Merger Talks Reported

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Tom Samuels, managing partner at Palantir Capital Management said, "The companies are trying to convince itself that great is wonderful and not so great news is best part." Samuels also said, "The Dow has risen five of the past six weeks and presently less than 2 percent from its highest associated with the year, which it touched at the end of April." Interests have been falling till a Fed move.

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There aren' market moving economic releases today, but Kansas City Fed President Hoenig is speaking at 11:45 AM ET. His remarks should draw associated with attention as Mr. Hoenig has been the one known dissenter at prior FOMC support groups.

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