The Market On Monday

  Good morning. It is 19 degrees and mostly cloudy here in Upstate NY. Today the Sun rose at 7:06 a.m. and will set at 5:13 p.m. We are gaining roughly 2 minutes and 30 seconds of daylight per day in February. I hope you had a good weekend and that all Super Bowl lovers had a great evening watching football. My weekend was spent recharging for the week, very mundane activity actually with a little bit of fun as well. Into the week we go.

  At 8:00 a.m. E.T. the DOW is moderately down and the price of oil per barrel is down. The market is poised to open lower.

  As you know the DOW is sitting on the extraordinarily high 14,000 rung. That is about as high as it has ever gotten in the history of Wall Street. So now what, this is the question. Last time the DOW was this high, the following year brought the Great Recession that has devastated the economy for ordinary people who lack elite types of jobs. What happens next? Good question indeed and it's not hard to find economists who believe that we go into the next recession sometime this year. It is not hard to ever find an economist who will predict a collapse of the markets, you can find a negative article in any week at any time. Markets are hard to time, and apparently that is what super computers are doing for the fabulously wealthy. Realistically speaking it does seem improbable that the DOW will remain perched in the 14,000 area. Like always, time will tell.

CNN: Stocks: Market looks to keep momentum

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