The Market On Monday

  Good morning. It is 28 degrees and sunny here in the Upper Hudson Valley. The weather logos are predicting that we start getting some real cold temperatures this week, well after all it is January. In my experience January is the coldest month. But look at this, the holidays are in the past and January is actually ripping by. Time is flying. Now all we have to do is drop the extra 5 to 10 pounds that we gained from all the sweets and rich food. That is the true January project.

  At 8:30 a.m. ET futures are modestly lower and the price of oil is down around $52 a barrel. The market is poised to open lower.

  The world oil market is apparently swimming in the black stuff and allegedly demand is down. Would someone please buy my delicious and inexpensive barrel of crude. On top of that it looks like Greece is going through its bi-annual economic collapse and may be facing banishment from the E.U. 2015 is starting out with bang. Hang on, the ride is just starting to make the steep ascent before we hit the thrilling ride to the bottom.

CNN: Stocks: 5 things to know before the open

The euro continues to plunge against the U.S. dollar as concerns intensify that Greece may be forced to leave the eurozone if the country elects a radical, anti-austerity government at the end of the month.

Crude futures are slipping by about 1% and are now trading around $52 per barrel.