The Market On Tuesday

  Good morning. It is 54 degrees and overcast here in Upstate NY. I am seeing more of the early Spring yellow blooms now, the forsythia is out. There's still a lot of brown in the landscape and that will stay until we start getting some of the tree leaves. It's coming, that beautiful green lush part of year. We earned it this year.

  At 8:30 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open in the flat area.

  Investors will be parsing lots of first quarter corporate reports today with an added emphasis on Big Pharma - better living through chemistry. So far the DOW is remaining fluffy and buoyant, equities are still strong. On a simple sort of calculation, someone who had properly invested $10 in stocks at the bottom of the recession would now have roughly $40. That's quite a gain over a 5 to 6 year period of time. On the other hand with the market presently at an all time high, one wonders how that investment would turn out if made now and that's why there are financial advisers out there to help sort that through.

CNN: Stocks: Pharma, earnings in the spotlight

Wall Street has a big day of company results.

On the economic front, existing home sales numbers from March will come out at 10 a.m. ET.