The Market On Tuesday

  Good morning. It is -4 degrees and snowing here in Upstate NY. That is about as cold as it gets in these parts although with climate change in effect, who knows where it will go. Yesterday I was thinking about how I often feel that the Winter is limiting on my physical movement. It's really not true, the only limitation is that you need to wear a lot more clothes. Otherwise you really have no limitation.

  At 8:45 a.m. ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open in the mixed tepid area.

  Essentially I could write the same thing here today and for the last several months. It's still all about how the markets will respond when QE3 is tapered off. Some think the word will come down this week, others think later on. Either way, eventually it has to end and the market will adjust.

CNN: Stocks: Calm before the Fed storm?

The Fed's final monetary policy meeting of 2013 wraps up Wednesday...