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Tuesday, December 29, 2015

The Market On Tuesday

  Good morning. It is 31 degrees and drizzling icy stuff here in the Upper Hudson Valley. It looks like we got 2 to 3 inches of snow last night and the local driving is a little slippery. The pachysandra around the base of trees is still visible so I suspect that the white may disappear quickly. I must say at this point I have lost a lot of interest in watching MSNBC or any TV news at night. I mean if it's not Trump apparently, it's not news. Call it the daily Trump news. Enough with Trump already, we're sick of it. Can we move on yet. Hand him the presidency, let him royally f*** it up and whatever is left over when he leaves in disgrace, we rebuild. Unfortunately given what we are presently seeing, I suspect the population of the uneducated, fact free, low energy thinkers, will be even larger in the future.

  At 9:00 a.m. ET futures are significantly higher and the price of oil is up. The market is poised to open higher.

  This is the weird in between week, Christmas on one side and New Year's Day on the other. Many investors are out of town and Wall Street is running with less heads in the mix. With less people, Wall Street is often subject to more volatility so all we can say is hopefully calmer minds will prevail. It's my little Wall Street prayer.

CNN: Stocks: 3 things to know before the open
European markets are bouncing higher, with shares in Paris and Frankfurt up by more than 1%. Asian markets rebounded as well after falling Monday.

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