James decides to go to the Miami Heat. It will be interesting to see if they can congeal and form a superlative team. Meanwhile James is getting trounced in the media for his decision. That is just typical media hysteria.
At 7:45 a.m. futures are flat, the dollar is mixed, and crude is slightly up.
There's no ultra significant data on tap for Friday and trading volume has been low. Next week begins the deluge of second quarter earnings reports. That is where its at. The reports will propel the market accordingly, its a simple one to one correspondence.
CNN: Tepid open seen for stocks
"People are making their own opinions of whether it's going to be a different world from one day to the next, and are sitting on the sidelines until we continue to see smaller positive gains and a nice gradual progression with less volatility."Reuters: Wall St futures point to lower open for U.S. stocks
The dollar was up against the euro and the Japanese yen, but down versus the British pound.
U.S. light crude oil for August delivery rose 32 cents to $75.76 a barrel.
The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc's massive oil spill.
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