The Market On Thursday

  Good morning. It is 45 degrees and sunny here in Upstate NY. It looks like a gorgeous day is shaping up. This is good for me as I am rebuilding my garage and I lost some time with a few recent rainy days.

  At 8:25 a.m. ET DOW futures are higher and the price of oil per barrel is up. The market is poised to open higher.

  The investment world was surprised on Wednesday to learn that quantitative easing will continue as is. As a result the market is on a roll which is spilling over into today's opening. At its present rate the DOW is actually within distance of 16,000 - remarkable.

CNN: Stocks: Powering ahead, inspired by Fed

...investors welcoming the Federal Reserve's decision to make no change to the rate at which it is pumping money into markets.

At 10 a.m., the National Association of Realtors will release its monthly report on existing home sales.