TUESDAY 6/16/15; Cascading Global Sell Off Continues on Greece Turmoil; FOMC Meeting Begins; Housing Starts; European and US Stocks Recover; ADBE; BOBE; LZB

At 9 AM Tokyo time (8 PM EST Monday evening in the States), the NIKK opens down -0.3%. Euro 1.127. Dollar/yen 123.46. Pound 1.5588. WTIC oil 59.53. Brent oil 63.80. Natty 2.912. Gold 1186. Silver 16.04. Copper 2.643. US 10-year yield 2.35%. Japan 10-year yield 0.51%.

In the NHL (hockey) in North America, the Chicago 




































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BOBE jumps +4% after earnings so the sausage and eggs are flying off the skillets. LZB collapses -4.2% after earnings. Furniture sales are a key indicator for the strength of the housing sector or lack thereof. ARNA dumps -4% after CFO Robert Hoffman resigns to pursue other interests. Beverage maker DTEA pukes -11% after its first earnings report.

Billionaire Donald Trump enters the race for president on the republican ticket bringing the total candidate count to one dozen. Tropical storm Bill hits the Texas coast in the Gulf of Mexico with high winds and rain. Natural gas has risen from 2.75 to 2.91 over the last two days. On the US West Coast, toxic algae is threatening the crab and clam fisheries.