The Market On Monday

Good morning. It is 26 degrees and sunny here in Upstate NY. I hope you had a good weekend. I am becoming a sauna addict. Joined the 'Y' a few months ago and I have gravitated to the cedar hot room. They keep the temperature around 175 degrees in there. Its been an adjustment but after a few minutes a lot of aches and pains go away. Its not a permanent going away, but the temporary relief is something for which I am grateful. The body seems a bit more limber afterwards too.

At 8:25 a.m. futures are slightly up, the dollar is up against all major world currencies, and oil is down slightly.

Recall that everything you read in an investment article that attempts to sample where all is at in any particular moment is about as transient as transient can be.

Having said that, right now some investors see the market gaining in spite of the crises trifectas affecting the world.

The big enchilada comes on Friday when the government releases its numbers on employment gains (or possibly but unlikely, losses). Although the number will be inadequate, it will still support the notion of a gaining recovery, which in turn supports investing in equities.

CNN: Stocks headed for early gains

"...the market's resilience suggests to me that we will continue to move higher."


Investors said the main event this week will be Friday's monthly hiring and unemployment report from the U.S. Labor Department.


Oil for May delivery slipped 20 cents to $105.40 a barrel.