The Market On Thursday

Good morning. We are having a light snow along with relatively cold temperatures here in Upstate NY. There is a dusting of snow on all the tree branches and limbs. The trucks are out spreading salt around on the roads. There are still a lot of joggers and the usual dog walkers out. Everybody is bundled up.

At 8:10 a.m. futures are ever so slightly higher, the dollar is down across the board, and oil is down in price.

Four points seem pertinent in my opinion.

The Senate has passed the tax cut mess. Investors will be pleased when it clears the House. All of us who are interested in collecting SSI should ban together and kick ever last one of the yeah voters out of office along with this tragically flawed president - the ultra conservative Republican puppet dressed in progressive sheep's clothing.

Spain and Europe's economic deterioration will remain in the foreground for some time to come.

Today there will be data on employment and housing starts.

Recapping - crap tax cut bill, Europe in tatters especially Spain, first time unemployment filers, and housing starts.

CNN: Stocks poised for flat open

Housing starts are forecast to have risen to an annual rate of 545,000, from 519,000; while permits are forecast to climb to 560,000, from 550,000 in October.


Oil for January delivery slipped 65 cents to $87.97 a barrel.