Good morning. It is 2 degrees and overcast here in Upstate NY. It's looking pretty cold and gray out there. Ice crystalline patterns have formed on the windows, a sure sign of frigid temperatures and the 10 day forecast shows only a modest change if any. Time to hunker down, dress warmly, personally I prefer to hibernate. I had to walk into town last night for an appointment with the chiropractor. I must of had on at least 9 layers of clothing including the mandatory face mask. It did work it kept me warm. This is also the time when you get the water pipe freezes and all the mess that entails. One simple trick to avoid that especially if you live in a not so well insulated or pipe location designed house is to leave at least a small drip of cold water running on one faucet in the house. With the water moving, there is at least a minor reason for it to not freeze.
At 8:25 a.m. ET DOW futures are moderately lower and the price of oil per barrel is up. The market is poised to open lower.
So far investors have not found the right amount of fourth quarter corporate profitability to justify further gains in the recent bull market. On the other hand, it's still too early to make an overall generalization, this could and probably will change. Investors will also get a look at some economic news on employment and home sales so it could be a hopping day. Don't be surprised if we get another day of losses.
CNN:
Stocks: Dow poised for more losses
After last year's big rally, investors are looking for signs the economy will be strong enough to keep the bull market going.
Asian markets notched sharp falls following a disappointing report on manufacturing activity in China.
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