The Market On Wednesday

  Good morning. It is a very cool 21 degrees with some hazy sunshine here in the Upper Hudson Valley. Sunshine is expected and the weather logo is saying it goes up to a tantalizing 45 degrees on Sunday. We can dream. Well it is New Year's Eve, another year bites the dust. We all reflect a little on how the year went for us and what we might expect to see next year. 2015 is almost here and I hope that it brings you all the things that make you happy. It's really that simple.

  At 8:50 a.m. ET futures are modestly higher and the price of oil per barrel is down around $52. The market is poised to open higher yet energy stocks will once again go red.

  The first time jobless claims rose to 298,000 for the last week. There is quite a bit of all around optimism that the economy is beginning to feel a little better to the regular Joe. I'm not feeling it myself. Meanwhile it is still the declining price of oil and the implications of that remarkable change and how it is affecting the global economy that is out front in the stock market. It's going to be an interesting year, that's for sure.

CNN: Stocks: 4 things to know before the open

It's a light day for economic news...