The Market On Wednesday

Good morning. It is 56 degrees and sunny here in Upstate NY. The weather logo indicates scattered showers, we shall see. Back in the 90s I came across a very good chiropractor. I would see her periodically and she would do a nice job of de-kinking the back and neck. Unfortunately she moved out of town and long story short I dropped off the chiropractic table. That was about 15 years ago. Long story short again and I am recently back on the table, loose unhinged hip part and all. I must say, what was I thinking for letting all that good body work go. The neck is already better, the mid-back is better, lower back - a little bit better, range of motion is better. I found my chiropractor and it's good stuff. This is a chiropractor friendly blog.

At 7:50 a.m. DOW futures are moderately higher, the dollar is mostly down against major world currencies, and the price of oil per barrel is up. Right now the market is poised to open higher.

Investors were pleased to see that the German people have unbridled consumer confidence and that Spain's first round of bond sales went off okay. So let's just say for today Europe is check.

Later on investors will be looking at Goldman's first quarter report, which one might pre-conclude will be astounding, along with all types of data on the lagging housing market.

Always a crap shoot as we know but initially the market will be stronger.

CNN: Stocks point higher ahead of earnings

...the latest edition of an index based on German investor sentiment came in unexpectedly high.


An auction of Spanish 12- and 18-month treasury bills also went off relatively successfully...


...results from investment bank Goldman Sachs, along with economic reports on housing starts and building permits.