The Market On Wednesday

  Good morning. At 6:30 a.m. it is 33 degrees and lightly snowing here in Upstate NY. We woke up to several inches of snow on the ground this morning, it's white out there and it's a wet heavy snow. Up to today the warmer temperatures had brought the ground almost back to being snow free. I suspect the snow won't stick around for long.

  At 6:30 a.m. E.T. futures are flat and the price of oil is slightly higher. The market is poised to open in the flat range.

  Allegedly investors are still trying to figure out what to make of Italy's recent election. Today Italy will attempt to sell off billions in bonds, if that were to go successfully, an appeasement will occur. It's interesting to note that defense maker stocks are taking a pounding with sequestration and a reduction in military spending about to be put into effect. This will very much adversely effect red states from the point of view of community wealth and employment. I think the Tea Party GOP is inviting even more disgrace and dissolution with their childish stance of non-governance and extremist anti-Obama mindless obstruction.

CNN: Stocks: Italy worries remain despite rally

(Italy) looks to sell 3-4 billion euros worth of 10-year bonds.

...the Census Bureau will release data on durable goods orders at 8:30 a.m. ET, and Federal Reserve chairman Ben Bernanke will be back on Capital Hill to give testimony...