The Market On Tuesday

Good morning. It is snowing and very cold here in Upstate NY. We are in for a lot of snow over the next two days, my aching back. I was able to complete my 2.5 mile walk early this morning. I have to admit it was beautiful out.

At 8:35 a.m. futures are moderately up, the dollar is down, and oil is down.

The equities market has been on a roll as you know. The crisis in Egypt affected the market last Friday sending investors scurrying out of stocks and back into commodities and gold, the safe havens as it were.

Right now, Egypt is less of a worry to Wall Street, but more of a worry to all of us wondering if some crazed militant terrorist types can gain traction in Egypt and cause destructive mischief. Egypt is sitting on billions of dollars worth of state of the art American made weaponry. That is a lot of "of-s."

Right now the DOW is poised to climb. Corporate earnings continue to impress investors. As always what looks great at 9 is not guaranteed to last by 4.

CNN: Stocks poised to open with slight gains

...investors await corporate earnings and a report on manufacturing, while continuing to eye the ongoing protests in Egypt.


"If Egypt goes down, what's next? It could turn into a domino effect of governmental collapse and that would, at the minimum, be nerve-wracking for markets."


Auto and truck sales for January are due throughout the day.


Oil for March delivery slipped 61 cents to $91.58 a barrel.