The Market On Wednesday

Good morning. It is approaching 32 degrees and its gray with clouds here in Upstate NY. This is the land of gray. The roads are now perfectly clear of snow, even the cyclists are back out. The squirrels are on the hunt and we are keeping the bird feeder hopping with activity.

At 8:15 a.m. futures are ever so slightly up, the dollar is flat and down, and oil is slightly down but is still holding above $90 per barrel. Interesting listening to the former head of Shell predict $5 per gallon gas in 2012. America's energy policy is in disarray. If the Republicans take over the complete reins in 2012, we can expect nothing to happen with alternative renewable energy outside of the individual's effort and a complete return to oil as the main energy focus. The eye will be on oil.

Investors are taking it easy this week. Trading is light. Hopefully the market will stay relatively flat as the new year rapidly approaches.

CNN: Stocks poised for slightly higher open

...as investors hold off making their next big bets till the new year.


Oil for February delivery slipped 43 cents to $91.06 a barrel.