The Market On Thursday

Good morning, I hope you had a good night and slept soundly. It has been excellent "sleeping weather" lately. The humidity is gone and the cool breeze has been hypnotizing.

At 7:30 a.m. futures are slightly up. The CNN article suggesting that the market will pop at the opening seems optimistic, at least at 7:30 a.m.

Investors will look at the numbers for first time unemployment filers before the opening bell. The numbers will continue to be a travesty.

Notice the wording on the US trade deficit which "fell" in August. One would get the sense that "fell" is good. Not so, the trade deficit is massive and continues to drain the country. We are owned.

Oil is slightly up which always seems to indicate a jump in equities. Oil continues to float up and down between $70 and $80 per barrel. This has been pretty steady for the past several months.

CNN: Stocks set to pop

The Labor Department's weekly report on initial jobless claims comes out before the market opens.


Another report from the Commerce Department is expected to show the U.S. trade deficit fell in July to $47.3 billion, versus $49.9 billion the month before.


Oil futures for October delivery edged up 40 cents to $75.07 a barrel.