PreMarks {02.06.12}

Markets have opened a bit lower today.  This probably shouldn't be much of a surprise given how overbought we've become.  Foreign policy may dominate for a little while now.  Issues are Syria {potential civil war}, Egypt {potential civil war-arrest of American citizens}, Iraq {potential civil war}, Iran's nuclear program and Greece is back on the front table as the debt negotiations seem to have stalled out.

Markets are probably in need of a pause and this would be as good an excuse as any for some profit taking.