Monday, February 29, 2016

The Market On Monday

  Good morning. It is 49 degrees and it is overcast here in the Upper Hudson Valley. The forecast shows an entire week with temperatures mostly in the 40s with a few colder days here and there. We are into the last few weeks of the mild Winter of 2015-16, there's no snow outside, it's like the last part of Fall never ended. This is global warming. I did not follow the Oscars, I don't really care truthfully, most movies stink and are hopelessly juvenile. I like having HBO because I can turn something off if it doesn't appeal and not waste my time. We see that over the weekend Trump has once again crapped all over himself by claiming he needs to learn about the KKK and David Duke. What a steaming pile that is. I mean let's use GOP logic here. If we need to call it "Radical Islamic Terrorism", Trump needs to call David Duke and the KKK "Radical Christian Terrorism". That's just keeping with 'GOP logic', which lately is more of an oxymoron. No doubt Trump support will grow as a result of the man's obvious racist stance.

  At 9:00 a.m. ET futures a slightly higher and the price of oil per barrel is up touching $33 a barrel. The market is poised to open higher.

  We see that Iran will now be increasing the amount of oil out there in the globe. The glut of oil continues. Out doing errands on Sunday I could not help but notice how many parking lots in town are filled with large SUVs. Humanity has not really embraced global warming and CO2 reduction, not really.

CNN: Stocks: 4 things to know before the open
A senior Iranian official told CNN the country was pushing ahead with plans to increase oil production by one million barrels per day, despite a global supply glut.

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