The Market On Friday

Good morning. Another week has roared by. The weekend threatens to be gorgeous. I was out walking at 6 a.m. and the sky was dark and perfectly clear. The stars were out and a last glimmer of a bright fullish moon kept my head looking up. I didn't trip over anything either. The joggers were out in droves.

Allegedly Bill Clinton lost the nuke bomb codes for a few months. Did anyone bother to look in the condom and vibrator closet? Apparently not, and I don't understand why.

Here's the thing with Palin and O'Donnell. They are political actresses, not political authorities. They sound like politicians and have the tenacity of politicians, but there's nothing under the hood. Tea Party people like that. Why is that? Palin and O'Donnell say it all the time, "I'm just like you." This means they are just like their base, a lot of emotion but not much under the hood. GK has it right.

At 8:00 a.m. futures are neutral, the dollar is mixed, and oil is up.

Investors are following a big 20 meeting in South Korea. There's all sorts of talk about the revaluation of certain currencies. Specifically the US wants China to stop artificially devaluing the yuan. The playing field would become more acceptable from the American point of view.

Third quarter reports keep coming through the pipe. I see that Key Bank is picking up steam. Key is a big deal in upstate NY.

CNN: Stocks poised for mixed open

The two-day Group of 20 finance and central bank meeting kicked off Friday in South Korea, and tensions about currency were brewing.


Oil for December delivery rose 91 cents to $81.46 a barrel.