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Tuesday, February 10, 2015

The Market On Tuesday

  Good morning. It is 23 degrees and overcast here in the Upper Hudson Valley. The logo is suggesting we might see some sun today. Well we really got pelted with snow and the future does not look much brighter. The forecast is indicating more snow and very cold temperatures, the unfriendly brother and sister act of the Winter. This is the part of the Winter where people just give up. We are running out of places to put the snow. One thing I do know is that we are looking at an extremely lush Spring. It's going to be very green around here, we got a lot of water.

  At 8:50 a.m. ET futures are significantly higher and the price of oil per barrel is slightly down. The market is poised to open higher.

  I can't lie I've been very singularly focused on the price of oil. Right now it appears to be priced in the $50 to $55 per barrel range and I could fully believe or accept that the price will go much lower, stay where it is for a period, or even wiggle it's way higher. It's also extremely easy to find talking heads who will offer an opinion on oil pricing and the opinions are wide ranging. So choose your poison wisely.

CNN: Stocks: 5 things to know before the open
Reports indicate that Greek officials may propose a bridge funding plan that gives them more time to negotiate -- but there is no sign that creditors will back down.

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