The Market On Thursday

  Good morning. It is 37 degrees and foggy cloudy here in the Upper Hudson Valley. The temperature is expected to go up around 50 today and there may be some rain as well. The snow in my area is covering around 5% of yards with most of that being the high piles that need a little time to melt down. It's looking like the very tragic downing of the German Airbus was a deliberate terrorist like event. We lack the words needed to express this level of suffering. What the hell was going on there.

  At 8:30 a.m. ET futures are significantly lower and the price of light crude is higher now trading near $52 a barrel. The market is poised to open lower.

  It looks like the Saudis are getting into the warring business with air strikes on Yemen. This has caused today's spike in the price of light crude. Usually whenever there is a warring disruption in the M.E., which is a frequent event as we know, we get an oil spike on fears that supplies are getting cut and one suspects the cut never happens. Meanwhile Ted Cruz continues on his campaign to redefine the English language with his claim that scientists are flat Earthers because they somehow invented global warming.

CNN: Stocks: 4 things to know before the open

The world's biggest and most powerful oil producing nation -- Saudi Arabia -- has launched airstrikes in neighboring Yemen, where rebels have intensified a violent campaign against the government. Saudi Arabia says it has the support of nine mostly Arab countries.