A Down Day for Wall Street

I notice that Dow Jones Future's are down about 40 points before the opening of trade at 9:30 AM Eastern. It could be a weak day on Wall Street.

Mr. Bernanke's comments about China's pegging policy seem to be having an effect on the market.

I think investors concerns are well founded. Though America will prevail in a currency war, global growth will suffer.

China has an inflexible position on currency pegging and will not back-off from the policy. Leaders in China desire trade only on their own terms. There are few if any win-win positions.

This casts doubt on the medium term ability of American companies to grow.