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Tuesday, November 26, 2013

The Market On Tuesday

  Good morning. It is 28 degrees and lightly snowing here in Upstate NY. Yes, that is snow out there, time to get used to it. That loud scream you heard this morning which was followed by a great sigh was from all the people living in Northeast waking up to a white landscape. Bottom line - stay safe, leave lots of room between you and the other guy on the road, and remember that it's quite beautiful.

  At 8:55 a.m. futures are flat and the price of oil per barrel is slightly up. The market is poised to open flat to slightly higher.

  As it is a holiday week, investors will be taking vacations and so trading volume will be lower all week. Today investors will parse data on housing and consumer confidence which begs the question - how confident are you? Let's be honest, we're pretty confident.

CNN: Stocks: Drifting into holiday mode
Trading volumes are expected to remain low this week as investors gear up for Thursday's U.S. Thanksgiving holiday.

...(on Monday) the Nasdaq crossed 4,000 for the first time in more than 13 years.

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