The Market On Friday

And in the snap of the fingers, Friday has rolled around again real fast and the weekend is set to begin. No specific plans here except that I will be working on this old house.

At 7:35 a.m. futures are moderately down and the price of oil is down as it heads towards $70. per barrel.

The investment world is in a bind. They are pleased with corporate earning and corporate reports such as Dell reporting higher than expected profits while they are simultaneously seeing a stream of data on the weakness of the recovery. Yesterdays numbers were seriously bad. Most no longer view it as a recovery, its more like a continuous recession with corporations gaining. The corporate world is not doing much to help the recovery are they. One might call it cutting off their noses to spite there faces. Can they really expect to see profits streaming in when everyone is living in a cardboard box. Or is it just a little plan to get Obama out.

CNN: Stocks set for lower start

Investors will be watching for a reading on state unemployment.


Hewlett-Packard posted solid quarterly profit...


Dell also reported higher earnings...


Oil futures for September delivery fell 75 cents...