Tuesday, March 04, 2014

The Market On Tuesday

  Good morning. It is 11 degrees and hazy sunny here in Upstate NY. We are raring to go into spring, and that is an understatement. The one thing holding us back is the frigid abnormally cold temperatures day after day. Talk about being stuck in a rut, it's like Ground Hog's Day around here with each day cold and colder. The ten day forecast isn't all that much better either. But something has got to change this month, I just know it.

  At 8:40 a.m. ET futures are significantly higher and the price of oil per barrel is down. The market is poised to take off at the opening bell though some energy stocks may lag.

  The morning is so far shaping up to be a rebound from yesterday's sharp sell off. Putin has issued some statements that are appeasing to the investment world however it has been noted that this appeasement is fragile. There are two wars going on - Russia and the Ukraine and Russia and the global economy. Both are intimately linked as it were. As we have mentioned before one hopes that the efforts of calm stable minds will prevail.

CNN: Stocks: Poised for a rebound
...Putin said Russia has no intention of annexing Ukraine's Crimea region...

Investors are closely watching developments in Ukraine...

No comments: