The Market On Monday

Good morning. It is 24 degrees and sunny here in Upstate NY. Winter has arrived very early but it may retreat for a spell this week, we hope. There is still some snow on the ground from Saturday's storm. Tonight the trick or treaters ring the doorbell and we are prepared with packages of CVS bought candy bars. In case you are wondering I have not eaten any, but other unidentified members of the household may have. We are adjusting to life with our new dog. She is a real good fit so far, she's a quick study and very interested in pleasing us.

At 8:20 a.m. futures are flat, the dollar is up against all major world currencies, and oil is down.

The Japanese have worked to reduce the value of the yen, consequently the dollar is rising and this makes US equities less interesting because they are too pricey.

Investors will have a wary approach to the Eurozone debt deal as well. This thing could go south real fast and take the indexes right along with it.

Otherwise October has been a stellar month for equities. With the DOW presently over 12K we are seeing a fluffiness not experienced in several months. Enjoy it while it lasts.

CNN: Stocks poised for losses

The Japanese government acted early Monday to push down the yen's value in international currency markets.


The Dow is up 12% in October, while the S&P 500 and Nasdaq have surged more than 13%.


Oil for December delivery fell 64 cents to $92.68 a barrel.