The Market On Thursday

  Good morning. It is 8 degrees and sunny here in Upstate NY. The frigid polar air mass remains planted over the northern US, and it remains, remains, remains...Okay, it completely blows and everyone is going crazy over the temperature plant, but the logo is promising warmer temps in the future. Are these logos really just false info intentionally placed there just to somehow or other make us feel better. I guess cold brings out the paranoia too.

  At 8:40 a.m ET futures are modestly higher and the price of oil per barrel is lower. The market is poised to open slightly higher.

  Investors have eased up their weighty concern over the Ukraine mess. This is allegedly causing some temporary stability and less volatility. Okay that's good. The big deal now is seeing how the ECB floats it's interest rate. Ah yes, mundanity has temporarily returned.

CNN: Stocks: Cool, calm and collected

While the crisis in Ukraine remains unresolved, U.S. investors now seem to feel relatively insulated, believing the worst-case scenario of a full-fledged war is unlikely.

Investors and traders in Europe are waiting for the latest interest rate decision from the European Central Bank.