The Market On Thursday

  Good morning. It is negative 2 degrees and clear here in Upstate NY. It is dangerously cold out so if you are in the area bundle up and stay safe. I have yet to go out for a walk because I'm thinking I might jump on the elliptical for 30 minutes instead. Yes I am wimping out. On a different and happy note, let me offer congratulations to all new grandpas out there.

  At 7:30 a.m. futures are flat and the price of oil per barrel is slightly higher. The market is poised to open flat except...

  Even though Apple has posted a record profit of sorts, investors are seeing that demand for the iPhone is down so the article is suggesting that Apple's retreat will bring the market right along with it. A drop in the indexes is anticipated. We shall see. Otherwise the DOW at this moment is at a 5 year high. It is what it is. I personally like the old saying - optimistic in times of drought and pessimistic in times of plenty. Don't get too attached to the DOW at this level it is doomed to drop eventually.

CNN: Stocks: Apple to drag market down

...Apple said it earned $13.1 billion in the quarter, the second highest profit ever earned by a U.S. corporation.

...Wednesday...the S&P 500 and the Dow hit new 5-year highs.