The Market On Friday

Futures are down this morning, veering into the sharply down. GE posted weaker than expected quarterly results. GE is one of the bellwether companies.

GE's size and the scope of its operations -- which range from commercial lending to building railroad locomotives to running the NBC television network -- make it a bellwether of the world economy, which is facing a brutal recession. source

With Bank of America also posting losses due to loans defaults and such, the day appears to be set to open lower. We had decent gains Monday through Thursday but today the rally has a good chance of falling.

Reuters: Stock futures extend losses after GE, BofA results

"It's going to be hard to add onto the big gains we've had this week."