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Wednesday, March 27, 2013

The Market On Wednesday

  Good morning. It is 33 degrees and slightly clearing here in Upstate NY. It's hump-day, the week is flying by as usual. I like Wednesday, it has a little bit of a pause quality to it - we are recapping then moving forward. I was watching Tweety last night on MSNBC and it's curious how much energy he uses speculating on the presidential run of 2016. There's quite a bit of examination from the liberal side on the flaws and disarray presently seen in the GOP. There are so many factions in the GOP vying for control of the reins. The Tea Party is now descending with Bachmann's campaign financing under Congressional investigation. The social conservatives are registering disapproval from the majority. The country's politics are evolving, not without intense resistance.

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

  Investors are easing away from Wall Street as the Easter and Passover holidays encourage vacating the premises and then to take holidays in the Caribbean. Cyprus is on hold for another day and the economic reports are few. It's possible that the week might simply peter out so to speak.

CNN: Stocks: S&P near record high
Trading volume on Wall Street is likely to be thin amid the Passover holiday and ahead of Good Friday and Easter.

...at 10 a.m. ET, the National Association of Realtors will release data on pending home sales.

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