The Market On Wednesday

  Good morning. It is 39 degrees and sunny-ish here in Upstate NY. It seems like rather mild temperatures for this time of year, but that's the way it is. No snow yet, but we are getting rainy days. I'm looking forward to getting past the solstice so our days start getting longer with more light. It's so weird to see it getting dark around 4, we will welcome back the light. Light, where are you man. Happy to see that Obama is making some proposals to change the gun laws.

  At 8:20 futures are moderately higher, the price of oil is up per barrel, and the dollar is mostly up against major world currencies. The market is poised to open higher.

  The market has been booming lately and it's mostly about the optimistic belief that a fiscal cliff deal is about to be announced. That seems to be what is driving the market and today so far seems like more of the same. Of course a lot can happen between now and the closing bell

CNN: Stocks: Budget deal hopes prevail

U.S. stocks rose Tuesday amid signs that a deal is taking shape...

...update on the nascent housing market recovery...