PreMarks: 09.07.11

Stocks are looking to head higher, continuing a rebound that began shortly after yesterday's open.   I'm told that this is the worst start ever for a September. At yesterday's open stocks had lost something like 4% in the first three trading days of the month.  I don't know what to make of that report.  While those decline numbers may be accurate we also need to take into account that stocks were goosed higher pretty hard into the end of August.  

On a seperate note:  I've often said that the last shoe to drop would be the forced right-sizing of governments at every level in terms of employees, costs and benefits {see this}.  Two headlines along these lines caught my eye in the past few days. 

1.  Illinois Gov. Says Legislatures Budget Forcing Him To Make Reductions

2.  US Postal Office Nears Default  {We've written about the post office before here }.