Good morning. It is 44 degrees and cloudy here in Upstate NY. We'll take it, we'll take anything that is above freezing at this point. I hope you had a good refreshing weekend. Looking around the news briefly we see that the world remains intact, that is actually one of the first things I do in the morning, it's my is the world intact brief glimpse ritual and I know you know exactly what I mean. We are not at war with North Korea at least not yet. The baby king of that poor nation has his amazingly overblown ego on the hands of a missile attack. Okay, so he's a little out of whack, we've seen worse even in this country there are worse and I know you know exactly what I mean. In some ways a new war is probably welcome among the hawk beings in our nation's capitol (capital - I forget). Those guys just love a good shoot 'em up kill war. It gives everybody a chance to try out new weapons, blow stuff up, capture corporate territory for future corporate exploitation, and in our case create a good loyal friend in a country once regarded as our enemy. I know it sounds a little jaded, it is jaded, how can you not be jaded and follow politics in this or any country.
At 7:50 a.m. futures are slightly higher and the price of oil per barrel is modestly higher. The market is poised to open slightly higher.
The cycle of corporate reports begin anew after the closing bell today as Alcoa takes the traditional role of first corporate entity to lay down parse-able data regarding the first quarter of 2013. I'm really getting into these long running sentences, sentence structure is very important. But there you have it, the first quarter is over and now corporations need to rub it in and let the rest of us know, hey we are making money you ingrates, don't you wish you could too and no, we are not job creators but we appreciate you thinking we are.
CNN:
Stocks: Investors look for rebound
After the closing bell, Alcoa will release its quarterly financial statement, marking the start of earnings season.
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