The Market On Friday

Good morning. Another week rips by and here we are at the weekend. Ordinarily I would say great, but my weekends are all about fixing up this old house. Not doing a real lot this weekend, but the leaves need raking. We are up to our eyeballs in leaves.

At 8:30 a.m. futures are modestly down, oil is down, and the dollar is mixed. All indications point to a drop.

According to the financial articles, it is "quantitative easing" that is the real force affecting the markets right now, not third quarter results. There are many "ifs" floating around. What if the Fed reduces its quantitative easing plans or increases it, all for various reasons. Allegedly this is foremost in investors minds.

CNN: Stocks poised to open lower

Investors will take in a host of economic reports Friday, including an advance reading on third-quarter U.S. gross domestic product before the market opens.


The dollar strengthened against the euro and British pound, but fell against the Japanese yen.


Oil futures for December delivery were off by 74 cents to $81.45 a barrel.