The markets are dropping today on the three E’s. First, earnings from companies like Netflix, Cummings and 3M were horrid. Then, Consumer Confidence came in the worst since the market hit its low in March 2009. Lastly, a preliminary meeting for the European summit on Wednesday was canceled. These factors are all contributing to the weakness in the stock market. Tomorrow, the markets will know more about the European summit results. This may help or hurt depending on the outcome. Amazon reports earnings after the market closes. This will influence technology greatly.
