The Market On Wednesday

  Good morning. It is 37 degrees and raining here in Upstate NY. We are in for a very wet day as most of yesterday's snow dissolves away. Thanksgiving preparations are in full swing everywhere. I like Thanksgiving, always have, the only thing I can do without is the football as I am not a fan in the least. Actually over time I have come to think of it as a brutal sport harkening back to the Roman Coliseum - basketball, now that's a sport.

  At 8:00 a.m. ET futures are modestly higher and the price of oil per barrel is lower. The market is poised to open in the mixed area.

  As you know the indexes are perched at amazingly high record breaking peaks. How long this lasts is puzzling all from the experts to the novices. Today investors will be parsing data on employment, durable goods, and consumer sentiment as everyone hopes for an easy transition to the holiday.

CNN: Stocks: Cheery mood on Thanksgiving eve

The main indexes in the U.S. have risen by 23% to 33% so far this year thanks to an economic recovery spurred on by the U.S. Federal Reserve.