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Monday, March 17, 2014

The Market On Monday

  Good morning and Happy Saint Patrick's Day. It is 12 degrees and overcast here in Upstate NY. The relentless Winter of '14 continues to suppress the common good and hope of the ordinary people for a warm Spring. Some of the snow cover melted away on Friday and Saturday leaving small sections of brown frozen lawn exposed. Because of the melting on those days and the super cold at present we have lots of hard ice. It's not really a snow covering although it looks like it, it's really hard crusty ice at this point. Persevere in the face of cold, Northeastern people of America, we will see Spring in time. We will prevail.

  At 8:30 a.m. ET futures are significantly higher and the price of oil per barrel is down. The market is poised to pop at the opening bell although some energy stocks might lag or head into the red.

  Investors seems to have somehow put the Crimea-Russia-Ukraine mess on the back burner. They are not worrying about it at the moment. They have factored the mess into the equation and now it's time to trade. Meanwhile the news about Flight 370 continues to baffle and confuse. It certainly smells fishy and I'm thinking funny business along the lines of a highjacking/terrorist plot, you probably are too.

CNN: Stocks set to bounce after Crimea drama
"The referendum outcome was widely expected and so did not yield a sustained response from investors..."

There's little U.S. economic or corporate news set for Monday.

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