Thursday, October 21, 2010

The Market On Thursday

Good morning. Its pretty dark at 6:30 a.m. A little warmer today but still crisp. My morning walk was invigorating. Walking is a perfect exercise for someone with achy knees. It doesn't stress the body like running and if you do it long enough you can build up a sweat. Walk.

At 8:15 a.m. futures are moderately up, the dollar is mixed, and oil is slightly down per barrel.

Investors are very pleased with news out of China. China's GDP has investors fainting in pleasure, oh the vapors. Meanwhile third quarter reports continue to bathe the turkey in champagne. What can we say, at the moment the market is fluffy. Anyone who bought decent equities a year ago should be in good shape with that batch.

CNN: Stocks headed for higher start
China's gross domestic product, the broadest measure of economic output, grew at an annual rate of 9.6% during the third quarter of 2010.


The government's weekly jobless claims report comes out an hour before the market open...


Oil prices for December delivery slipped 12 cents to $82.43 a barrel.

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