The Market On Tuesday

  Good morning. It is 29 degrees and cloudy here in Upstate NY. The weather logo is showing sun with some clouds today. The rawness of November is here along with the accompanying grayness. My chiropractor recommended hitting the tanning machine for a short burst of time 5 to 7 minutes or so, about 2 to 3 times a month. This is in an effort to get that vitamin D and help to hold at bay the Winter blues. I know people who are already a little blue about the incoming Winter. Our choice is whether or not to put effort into finding the joyful parts of the Winter.

  At 8:40 a.m. ET futures are slightly lower and the price of oil per barrel is down. The market is poised to open lower.

  This morning's CNN article is almost nostalgic in tone. The indexes have run up to record highs this year, and now what. The next larger concern will be coming to terms with how Yellen commands the Fed and remembering that the Fed is the largest central bank on the globe meaning it is central to the global economy. At some point quantitative easing will taper off and the flow of lower interest interbank money will tighten. This is the big concern right now as it will effect the value of probably most equities. In a way we are being prepared for a downturn but the hope is we have a soft landing.

CNN: Stocks: Rally losing momentum?

Stocks have surged this year thanks to a slowly recovering economy and continued bond buying from the Fed, leaving the major U.S. indexes sitting at or near record highs.