The Market On Tuesday

Good morning. It is 48 degrees and cloudy here in Upstate NY. We have been under the spell of a long series of warmer than normal days. Considering about a month ago we had freezing temperatures and snow, and we are moving closer to the heart of winter, this seems odd but no one is complaining just enjoying less layers of clothing. My 2.5 mile walk has been usurped by an hour long early morning dog walk. The new puppy is making leaps and bounds with her training and leash attention. We call her the perfect puppy, something about the yellow Labrador is very agreeable. She's even getting more confident around other dogs.

At 8:00 a.m. futures are moderately higher, the dollar is down, and oil is up. The market is presently poised to open higher given the proper trifecta alignment.

Investors are still basking in the afterglow of a major record breaking Black Friday. People were willing to risk life and limb in order to snap up all the alleged bargains. Right now I would like to give stuff away this holiday season, I don't really need anything. Not that I don't mind gifts but I'm also having an impulse to lighten the load, purge as it were. I want less stuff, less clutter.

Investors are also willing to suspend all signs of an imploding Eurozone on word of a new two day meeting to hammer out a new bogus solution to Europe's deepening financial crisis. Good luck with that.

CNN: Stocks head for a second day of gains

A two-day meeting of eurozone finance ministers gets underway Tuesday and investors are hopeful of hearing more concrete details for a solution.


...investors continuing to cheer strong consumer spending...


New data on home prices and consumer confidence will be released on Tuesday.