The Market On Tuesday

Good morning. It is a beautiful cold, clear, crisp, crystalline day here in Upstate NY. We paid the price with a monster snow storm now we are reaping the benefit of the exquisite post storm brilliance. I hope. It is the Northeast and as the saying goes, if you don't like the weather, well just wait a minute.

At 8:25 a.m. futures are ever so slightly up, the dollar is down across the board, and oil is slightly up. One might say the positive market trifecta is in.

Investors will be looking at two pieces of economic data that may very well influence the direction of the market.

We will see numbers on home prices and consumer confidence. Let me ask you right here and now, are you confident you ingrate.

I was reading an extensive article on the retiring baby boomer generation last night. Turns out the boomers are mostly broke. We are in for a decline in lifestyle in our retirement period or as I like to call it the pre-white light period. We didn't save enough, we lived recklessly, and our houses are now worth bupkiss. But man we sure got laid a lot in the 70s and 80s and if you were lucky maybe the 90s. Hell yes.

CNN: Stocks poised for higher open

Consumer spending accounts for about two-thirds of economic activity...


The Case-Shiller 20-City index of home prices in major metropolitan areas for October is due at 9 a.m. ET.


At 10 a.m. ET, the Conference Board will release a reading on consumer confidence for December.


Oil for February delivery rose 15 cents to $90.15 per barrel.