The Market On Monday

  Good morning. It is 52 degrees and sunny here in Upstate NY. I hope you had a very reviving and refreshing weekend. I spent a lot of the weekend resting and watching movies on Netflix. I did get out a bit for the usual weekend chores and such. Truth is Thanksgiving is dominating the scene with preparations for the fancy meal well under way.

  At 8:35 a.m. ET futures are moderately higher and the price of oil per barrel is lower. The market is poised to open slightly higher.

  To everyone's surprise we might very well see the DOW break 16,000 soon maybe even today. The DOW is presently at 15,961.70 so we are obviously very close. Considering that there appears to be some positive carry over from last week and a positive sentiment about new economic guidelines in China, the 16,000 threshold could be crossed this morning. It's all uncharted territory.

CNN: Stocks edge toward new milestones

Asian markets rallied, with Chinese stocks jumping significantly higher after a new document from the government outlined important reform plans for the country.