The Market On Friday

Very disappointed to see the Celtics lose to the Lakers. The Celtics had control of the game, fatigue set in as they used their starting lineup extensively. Didn't help that Boston lost its starting center. The Celtics are getting old, however it was a very good series.

At 7:40 a.m. futures are flat, the dollar is in mixed territory against the yen, pound, and euro, and the price of oil per barrel is down over a buck.

Today is quadruple witching day.

According to the financial journalists, a calm day is expected. That alone is enough to jinx it!

Investors seem appeased by Europe's stabilizing maneuvers, so for the time being that time bomb is sleeping.

Everyone is anticipating the double dip, expecting to see all hell break loose with markets tumbling. I keep reading precautionary steps to take. We could very well be on the edge of that precipice, I just don't know. The markets have a mind of their own. It is thought that the Summer will be D-Day. We shall see.

CNN: Stocks look to open flat

Investors also welcomed positive developments out of Europe...


The Labor Department will release a report on state unemployment levels at 10 a.m. ET.


U.S. light crude oil for July delivery dipped $1.23 to $75.56 a barrel.

Reuters: Stock futures flat ahead of futures, options expiration

Four different types of June equity futures and options contracts expire Friday, a convergence known as "quadruple witching." As volatility has receded lately, traders expected a quiet session.


A Democratic bill to extend jobless benefits and raise taxes on investment fund managers failed a key vote in the U.S. Senate on Thursday, dealing a blow to U.S. President Barack Obama's push to boost the economy.