The Market On Thursday

The week is flying by again, it must be something in the water.

Futures are ever so slightly up this morning. I'm hoping a sideways type of day can at least be salvaged.

If the economic data that will be released at 8:30am is reasonable it might even exceed sideways. That is a big "if."

On the other hand, this could get ugly real fast.

Here's a question for you. We have huge layoffs going on. Corporations are shedding their workforces. This is occurring all over the country. Has anybody looked into the possibility that corporations are using the recession and layoff trend as a smokescreen in order to reform their operation in China? We know somebody has got to be doing this, right. This is the conservative-neocon way, use a disaster as a shield to pull off the maneuver you really want.

Reuters: Stock futures point to flat open as data in focus

"The market will be on hold until we navigate through some of the economic data that will be forthcoming this morning..."