The Market On Thursday

  Good morning. It is 35 degrees and overcast here in the Upper Hudson Valley. The logo is suggesting it might rain. The grass is back. The snow has melted to a pittance here and there and better than that, as I am not a snow person, the town came by yesterday and removed the piles of leaves in front of everybody's lawn on my street. The town was delinquent in getting that chore done but better late than never. Lawn removal was a big topic of conversation among the neighbors. Everybody complained that with the taxes we pay, well how come they didn't get to the leaves. Some people might call that bourgeois irritation.

  At 9:00 a.m. ET futures are astronomically high and the price of oil is up over a $1 per barrel. The market is poised to go nuts at the opening bell.

  What's to know, the market is going to pop at the opening bell. Will it stay that way through the day? It's impossible to say but the notice by the Fed that interest rates will remain low for the time being was huge. Also notice that oil is rising a bit in the past few day too. Could a bottom have been found with oil now floating between $55 and $60 a barrel. Who knows.

CNN: Stocks: 4 things to know before the open

...the Fed indicated it was going to take its sweet time raising interest rates.