The Market On Wednesday

  Good morning. It is overcast and light snow is expected here in the Upper Hudson Valley. The forecast has the temperature rising above freezing today and we have not experienced such 'warmth' around here in a while. On March 8th all clocks get moved ahead one hour for daylight savings. It used to be that we did this in April but now it's in March, so in 4 weeks it will remain light out past 7 p.m.

  At 8:40 a.m. ET futures are slightly lower and the price of oil per barrel is down. The market is poised to open lower.

  After a huge rally in equities spurred on by a rise in the price of oil per barrel just yesterday, the market is cooling off for today's opening bell. Oil is still the center piece of the broader conversation surrounding equities, even though it's earnings season, oil is stealing the spotlight. Meanwhile many eyes are on Greece with it's debt swap plan designed to stabilize that country's economy, it may not even get the chance to fly.

CNN: Stocks: 4 things to know before the open

The new (Greek) government of the heavily indebted country revealed a plan this week to restructure its debts. The nation is hoping to swap debt for growth-linked bonds, but it is far from certain that European lenders and the International Monetary Fund will agree.