The Market On Monday

  Good morning. It is 54 degrees and ever so lightly raining here in Upstate NY. Waking up at 6:30 a.m. to take the dog out, as she sticks her face in my face while I'm sleeping and demands to be taken out, it's pretty dark out. Yes, Winter here we come, ready or not, and it's mostly not. I hope you had a good weekend, mine was very productive. I'll write more about it in the future, but this course from Coursera that I'm taking on monetary policy is fascinating. Seriously this is stuff that anyone who is concerned about politics and the economy of the country needs to know at least some of. This professor knows his stuff and then some.

  At 8:20 a.m. ET futures are significantly higher and the price of oil per barrel is down. The market is poised to open higher but one might suspect certain energy stocks may retreat.

  Wall Street is bubbling with joy over Larry Summers withdrawing from consideration for the Fed job and the prospect of Janet Yellen taking the job. Yellen would probably want to continue with some QE activity which will keep interest rates super low. That's some cheap fun money.

CNN: Stocks gain, S&P nears new record

Investors are excited at the prospect of Yellen taking over from current Fed chairman Ben Bernanke, since she is widely expected to pursue a similar policy of stimulating the economy to bring the unemployment rate down.

The threat of imminent U.S.-led military strikes against Syria has now faded to the background...