The Market Of Thursday

  Good morning. It is 29 degrees and sunny here in Upstate NY. The logo is calling for a sunny day today and warmer weather in the next few days. We'll take it. Spent a little bit of last night watching the last James Bond film on Netflix. I have to say it was a lot of fun, that Bond is quite the man. Very happy to see the NY Knicks pull out a win against the Hawks. They really needed a win, however tonight they will have their hands very full facing the Rockets in the Garden on a back to back.

  At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is set to open in a subtle mixed position.

  Investors were pleased to read prepared remarks from soon to be Fed Chair Yellen indicating that she is strongly compelled to continue q.e in order to bolster the woozy economy. That was music to their ears, cheap low interest liquidity for all. Lots of inside people are getting ridiculously wealthy on this.

CNN: Stocks: Set to hit fresh highs

Yellen -- who is expected to become the new head of the Fed in early 2014 -- will appear before the Senate Banking Committee at 10 a.m. ET.

Her prepared remarks to the committee, released late Wednesday, show that she intends to encourage growth by maintaining accommodative monetary policies.