The Market On Thursday

  Good morning. It is 52 degrees and sunny here in Upstate NY. We are in a sweet zone with temperatures going into the 70s, plenty of sunlight, and blooming literally rampant everywhere. We are drunk on nature right now. It is an adjustment physically and mentally as the Winter seemed like it would never end. Life is good.

  At 8:15 a.m. futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.

  In case you didn't notice, yesterday was marked by a steep sell-off as May kicked off with a steep drop in the indexes. Today investors will continue to parse data on first quarter corporate reports along with investor happy news out of Europe's banks. Shortly we will see the weekly first time layoff numbers which as you know have been trending down.

CNN: Stocks: Earnings and Europe back in focus

...the European Central Bank finally lowered interest rates.