Monday, November 30, 2015

The Market On Monday

  Good morning. It is 26 degrees and hazy sunny here in the Upper Hudson Valley. A mostly sunny day with temperatures in the 40s is expected. I hope you had a good weekend. I kept myself well insulated from the news on Sunday, a new ritual that I use to reclaim my humanity - just kidding. As we race towards the next series of holidays, let's see what sort of mischief humanity can get itself into this week. Based on all previous weeks, no doubt we are in for many jaw dropping surprises. Humanity has an infinite capacity for inflicting pain on itself.

  At 8:50 a.m. ET futures are slightly higher and the price of oil is up, now trading just above $42 per barrel. The market is poised to open slightly higher.

  The week will be peppered with some very serious meetings globally. We've got Paris, OPEC, the IMF, and the EU all determining the fate in one way or another of the planet's future. I do not expect a whole lot from any of it, the future will no doubt bring more of the same as the world's elite wrestle with strategies to eliminate the middle classes and funnel the world's wealth into their cunning little hands. Meanwhile expect the confused, befuddled, and poorest beings of the world to enact more mind boggling violence. Just a quick reminder, there is a lot of good stuff out there.

CNN: Stocks: 6 things to know before the open
Finally, OPEC is set to meet on Friday to discuss its strategy for next year. There's likely to be heated discussion about its policy of maintaining high production to protect the oil cartel's market share despite low oil prices.

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