The Market On Thursday

  Good morning. It is 28 degrees and sunny here in Upstate NY. Allegedly today is the day that the journey back to real Springlike temperatures begins. The forecast has it going into the 50s later today. We shall see. Most of us are ready to pull our collective hairs out with the extended wintery cold that has blanketed the Northeast this last week. Lo and behold I am reading that it goes into the 70s next week. Don't tempt us like that and then not deliver as open rebellion is a serious possibility.

  At 7:30 a.m. E.T. futures are modestly higher and the price of sweet crude per barrel is slightly lower. The market is poised to open higher.

  Investors are happy with The Bank Of Japan for its new program to beat back deflation. Allegedly this is causing a swing back to equities interest after the hellish sell-off during Wednesday's session. Shortly we will get numbers on first time layoffs this last week and then the big news comes Friday with the government's report on job creation in the private sector for March. Advanced reports suggest that the number will not meet expectations.

CNN: Stocks: Central banks take center stage

The Bank of Japan...announcing an anti-deflation program that exceeded already sky-high expectations.

...investors rewarded the bank's ambition with a rush to equities.