The Market On Monday

Good morning. It is gray and cold here in Upstate NY. I live in the land of the gray, its something that either grows on you or does not. It feels like mid-winter as well yet the first day of winter is tomorrow. I am hoping that we get clear skies so the people around here including myself can get a good look at the eclipse late tonight or early tomorrow morning depending on how you think about it.

At 8:20 a.m. futures are modestly up, the dollar is mixed, and oil is up as it once again closes in on $90 per barrel.

Investors are allegedly bullish on the immediate future of the equities market. At the same time they are not so bullish on the future prospects.

Following the market I would say that not many are able to forecast the future on Wall Street. One thing though, Obama and the Democrats in harmony with the Republicans have begun the assault on Social Security. The new tax deal cuts right into SSI funding. Investors are salivating over that money, which apparently will fall right into their hands. Shame on Obama. He has no connection whatsoever to the ordinary people that live in this country. He is a Republican wanna be.

CNN: Stocks set to open slightly higher

"...We are recovering, American businesses are going to take off, and we have had some very good news with consumer spending."


With a stubbornly high unemployment rate, significant lost value in the real estate market, and nearly broke state and local governments...


Oil for January delivery gained 61 cents to $88.63 a barrel.