The Market On Monday

  Good morning. It is 30 degrees and overcast here in Upstate NY. Winter is hanging on and yielding it's grip very reluctantly this year. Recall that by April 15th not only are taxes paid, but the warmth really begins to stick around. I hope you had a good weekend and are now ready and raring to go into the new week. Where is the lamb part of March.

  At 7:50 a.m. E.T. futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.

  World markets are pleased to hear that a bailout deal has been reached between the E.U. and Cyprus. The deal amounts to $10 Billion dollars which in American terms is almost an invisible number when trillions of dollars grease the wheel here. Yet, the market could very well move into positive territory based on this deal alone.

CNN: Stocks: Positive reaction to Cyprus deal

...a €10 billion bailout for the tiny island nation.

... no major corporate earnings or economic reports on tap Monday...