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Thursday, January 08, 2015

The Market On Thursday

  Good morning. It is -3 degrees and sunny here in the Upper Hudson Valley and with the wild chill factor it's much colder. Hey, remember, it's January and January is like this. Sometimes the weather forecast likes to lull us into a sense of a warmer future but that is what is expected. In fact it may even get above freezing by Monday. That's called a lot of carrot and no stick. I just read where the two brothers that allegedly slaughtered cartoonists in Paris yesterday have been located. I'm sure you saw their mug shots. What can we say. We know that fundamentalism has it's drawbacks, that's for damn sure. What is further troubling is that this type of very disturbing news tends to camouflage much greater misdeeds perpetrated by much more stealth operators, like governments for example. Now is the time to check some of the back page stories that may in fact be even more heinous in nature then some dumb as a bag of hammers blockheads have unfortunately committed.

  At 9:00 a.m. ET futures are significantly higher and the price of oil per barrel is higher. The market is poised to open higher.

  It is comments made by the Fed which suggests a strong period of economic development over the next few years that has investors in a happy mood. Weekly first time layoffs came in at 294,000 and that number suggests an improving job market, not to the people who were laid off of course, but to number crunchers and political operatives.

CNN: Stocks: 5 things to know before the open
According to minutes released Wednesday from the Fed's December meeting, the central bank is predicting solid economic momentum in the coming year, despite concerns about global risks.

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