Tuesday, January 12, 2016

The Market On Tuesday

  Good morning. It is 24 degrees and hazy cloudy here in the Upper Hudson Valley. The logo is predicting that is goes into the 30s later today. We see that Jerry Hall and Rupert Murdoch are engaged to be married. We wish the love birds nothing but the best...Is the news some of the wildest stuff we've seen in a long time? I'm reading statements from our top tier GOP presidential contenders and thinking WTF is this. Where do they come up with this stuff?

  At 8:50 a.m. ET futures are significantly higher and the price of oil per barrel is around $31. The market is poised to open higher.

  Oil continues to fall and allegedly OPEC is in a state of turmoil because of it. Well what did they expect? Also allegedly OPEC is planning another meeting to discuss this situation and meanwhile a new prediction has oil per barrel going into the $15 range. This is weird.

CNN: Stocks: 5 things to know before the open
Crude futures are falling again, down around 1%, after a 6% fall Monday. RBS analysts say $16 oil is possible and advises its clients to... well, sell everything. "We think investors should be afraid," the note cheerily warns.

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