The Market On Wednesday

Good morning. It is 40 degrees and rainy here in Upstate NY. I peaked ahead at the 10 day forecast and I see that after New Year's Day the temperatures will drop. January is traditionally the coldest month in these parts. All things considered this has been a very mild December, its unusual. I still need to pick up a new pair of sub zero temperature gloves, freezing hands are the worst as you know. I had a really good pair but lost one somewhere last year. Its a profound truth about gloves, eventually you will lose one. Its just like earrings.

At 7:40 a.m. futures are slightly higher, the dollar is mixed, and oil is slightly down.

Trading volume was very low on Tuesday as the market managed to stay flat and neutral. Hopefully this will be the case for the rest of the week including today.

Many investors are on holiday and there seems to be a general interest in putting the major fears on the warm burner not the raging boiling burner.

Still, you never know...

CNN: Stocks: Investors winding down

(On Tuesday) Trading volumes were well below average, with many market participants taking time off this week...


...investors say the market remains vulnerable as the debt crisis in Europe continues to threaten the outlook for the global economy and financial markets.