The Market On Monday

  Good morning. It is 74 degrees and it's just starting to get sunny here in the Upper Hudson Valley. It looks like we are in for a very hot muggy day with the temperature in the 90s. I hope you had a good weekend. I did, I got in a lot of resting and recharging. We see that Trump is flying in the polls as the establishment candidates are falling. The people in the know believe that it is way too early to pick winners. How do you feel about a Trump, Carson presidency? Could you handle eight years of that. This poor country, people are amazingly ill informed and is there any wonder why.

  At 8:40 a.m. ET futures are modestly lower and the price of oil per barrel is down. The market is poised to open lower.

  We know that countries around the world are facing severe recession like conditions given that their economies are based around the exporting of oil. And we know that oil is now approaching the price of around $40 a barrel. The world is awash in oil, that's how the Saudis want it. So this morning's big news was the tumbling valuation of the Russian ruble. It's not a great time to be a regular working class person in Russia. One could presume that there is a very restless energy growing around the world.

CNN: Stocks: 5 things to know before the open

Crude dropped 1.5% to hover just above $41 a barrel in electronic trading. Oil has tumbled in recent weeks as the combination of plenty of supplies and sluggish demand weighs on prices.