Premarks: Summer Blahs!

Futures down about a percent bringing averages down to nearly flat now for the year. Very many factors in the mix right now. Positives include a likely resolution to the deficit issue and possibly some entitlement reform down the line. Right now the negatives seem to be trumping this. The main concern is that evidence seems to be coming forward that the economy has slowed down much more significantly than had been expected a few weeks ago. This is going to gnaw at investors. Weekly seasonal factors not helping much right now either. Tactically have not done much recently as I try to navigate the currents like everybody else. Must say though that my thinking is colored slightly more bearish today than a week ago.