The Market On Wednesday

Good morning. It is sunny and 31 degrees here in Upstate NY. We are not quite out of the woods yet as snow is predicted for Thursday. The temperatures are slowly rising and that snow is not destined to linger. I'm seeing 50s in the near forecast. The buds on the trees are getting riper creating an up high patina of color. This is the in between time around here, not quite blossoming spring more like preparation spring.

At 8:25 a.m. futures are moderately higher, the dollar is mixed as the yen especially is under pressure for obvious reasons, and oil is down a tad.

Just saw the bulletin that payroll processor ADP reports a jobs gain of 201,000 in March. That is an improvement, not nearly as many jobs as we need, but its something. Let's look on the mildly bright side.

Investors seem less worried about revolution in the Middle East, probably because oil is still flowing as needed, then its over to Japan. What a mess there as TEPCO continues to underscore the extremely serious global calamity.

CNN: Stocks set to advance at the open

Private-sector employment rises by 201,000 jobs in March, according to payroll processor ADP.


Oil for May delivery slid 44 cents to $104.35 a barrel.