The Market On Monday

  Good morning. It is 20 degrees and slightly sunny here in Upstate NY. We are into Winter but good. As you know we had a major snowstorm through the weekend. Snowstorms are often followed by a gloriously clear and sunny day which somehow makes things a lot better. We have a little bit of that this morning.

  At 8:50 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  At the center of this week's market activity will be a probable announcement from the Fed on it's quantitative easing program. QE has been the elephant in the room for quite some time now. So buckle your belts, when the official word of tapering QE off is passed down, we expect to see the markets go through some type of correction. The questions are how deep and for how long.

CNN: Stocks: Fed decision around the corner

Investors are treading cautiously as they wait to see whether the Federal Reserve will begin cutting back on its massive stimulus program...