The Market On Monday

Good morning. It is clear and unbelievably cold here in Upstate NY. The outdoor thermometer is reading "oh shit." It must be -10 to -20 out there. Good thing its not -25, now that's cold. Believe it or not, I was out walking in the predawn dark a few hours ago. I could barely move I had so many layers on. I did cut it short, only walked about 1 mile.

At 8:20 a.m. futures are slightly higher, the dollar is up across the board, and oil is down.

Although there is a certain amount of consistency in the stock market, if you talk with 5 experts, you will get 5 different opinions. Today we are getting that the market has room for upward movement. A few days ago it was its time for a pullback now.

Yes there are many corporations in America. McDonalds', American Express, and Sara Lee will be reporting on their fourth quarters soon. I know someone who worked for America Express, and this person was rolling in dough.

CNN: Stocks poised for flat open

Postive economic reports and strong earnings are likely to continue to help markets head higher during the first half of the year...


There are no major economic reports on tap for Monday.


Oil for March delivery slipped 69 cents to $88.42 a barrel.