Good morning. It is 0 degrees and cloudy with some blue peaking through in spots here in the Upper Hudson Valley. If we are lucky it goes into the teens today. Then, it's a virtual heat wave with Sunday allegedly going above 32 for the first time in decades. Actually up to last Saturday we had 17 days in a row with temperatures below 32, and on that Saturday for 1 solid hour it got above 32 degrees. Otherwise all that time which is now approaching 4 continuous weeks, we've been below 32 degrees and most of it has hovered around 0. Without a doubt this is the harshest February I've ever experienced in the 40 some odd years I've lived around here. Could we say ironically, but, ironically the Sun keeps getting higher in the sky and we are approaching 2 weeks till we move the clocks ahead.
At 8:40 a.m. ET futures are modestly lower and the price of oil per barrel is slightly higher now trading around $51.50 for light crude. The market is poised to open lower and energy equities should stay put.
It is the Greek bailout that is coming into full view as Greece is in serious jeopardy with a Feb 28th deadline approaching. What a mess. Look on the bright side, it's the weekend.
CNN:
Stocks: 4 things to know before the open
Greece doesn't want to continue the bailout under its current strict terms, but if it can't reach a deal with European creditors it risks running out of money, defaulting on its debts and stumbling out of the eurozone very soon.
No comments:
Post a Comment