The Market On Monday

  Good morning. It is a testy 13 degrees and it's relatively clear here in the Upper Hudson Valley. The forecast says the rest of the week will be above freezing. I hope you had a good weekend. Everyone is getting their holiday preparations face on. I was at a garden center on Sunday and the place was overflowing with people buying Christmas trees and ornaments of all types. People get very enthusiastic around the holidays. It's something to behold, of course I was in the middle of it too...

  At 7:30 a.m. ET futures are moderately lower and the price of oil per barrel continues to descend. The market is poised to open lower.

  Japan's second reading of their third quarter GDP appears to be sending futures lower. The DOW is at an all time amazing high ready to cross the 18K threshold, but maybe not today or at least this morning. One never knows. Meanwhile the oil glut continues and no doubt amnesia will soon hit the American public and car manufacturers as the gas guzzlers rear their CO2 spewing messy heads out of the deeper recesses of America's collective unconscious.

CNN: Stocks: 3 things to know before the open

The world's third largest economy is in a deeper hole than expected. A second reading of third quarter GDP showed the economy shrank at a faster rate than previously thought, down 1.9% on an annual basis.