The Market On Monday

  Good morning. It is 53 degrees and rainy here in the Upper Hudson Valley. We had rain on Sunday and it looks like rain may continue through Tuesday. We shall see. I hope you had a good restful weekend. I had a very contemplative type of weekend, lots of meditating and reading. Well, now it's time to steel ourselves and take an unflinching look at the news in our beautiful and troubled world.

  At 8:45 a.m. ET futures are moderately higher and the price of light crude is back up over $60 a barrel. The market is poised to open higher.

  Greece has become the symbol for what I suspect is the vast majority of humans on the planet. We're all in a financial pinch. Greece is facing the threat of a default again, let's see what happens. Oil remains a big question mark in the background as well. This $58 to $60 range has held for a period and there is no end in sight for increased production from the Saudis and OPEC. There is a glut but there is also increase demand in parts of the world. We've have got to get to clean energy systems, I shudder to think of the extreme weather we will be facing in the next decade and beyond.

CNN: Stocks: 4 things to know before the open

Investors are keeping an eye on Greece this week as the country approaches another debt deadline on Friday. Many doubt whether the country will have enough money to repay its debts this month.

In the U.S., the government will publish personal income and spending numbers at 8:30 a.m. ET.