The Market On Monday

Good morning. In Upstate NY it is 54 degrees, presently cloudy-ish but with a rain logo presumably for later on. I hope you had a good extended holiday weekend. Thanksgiving is over. Next up come the Christmas/Happy Holidays. December is almost a give-a-way month with so much emphasis on the holidays and all attention placed on it, like it or not. I like giving and receiving presents, always did, still do.

At 8:25 a.m. futures are wildly higher, the dollar is down, and oil is significantly higher closing in on $100 per barrel again. Barring Armageddon the market will open higher.

Investors are incredibly pleased with you, oh dear consumer. You have demonstrated a willingness to spend lots of money on Black Friday, in fact a record amount of money was spent on Black Friday. And may I ask where did you get all this money consumer? I thought you were broke and out of work. Are you hitting up the old credit card again...

Add to this spending euphoria a mild decision to ignore the deepening ongoing Eurozone crisis and voila, we have a winning morning on tap, a sea of green dollars.

CNN: Stocks set for big gains

Major retailers reported record sales of $52.4 billion over Black Friday weekend -- up 16% from last year...


...reports about a coordinated effort to create some type of fiscal union in Europe appears to be lifting sentiment.


A report on new home sales is due at 10 a.m. ET.