The Market On Friday

Good morning. It is overcast, gray, slightly drizzly, and slightly warmer today, Black Friday. Curious name, Black Friday, would you agree. It sounds like something from the Middle Ages, where the Black Madonna is venerated by an adoring and slightly fearful population. I am not a conspicuous consumer. For me, heading out to the mall at 3 a.m. is the equivalent of an eternity in the darkest reaches of Hades. The mall is the church, who gets that excited about spirituality.

At 8:10 a.m. futures are significantly down, the dollar is up, and oil is down. Forget about your upcoming losses, and enjoy the in between day where most are taking the day off.

Allegedly investors are in a twist about European insolvency and China's new banking austerities. That is baloney. A few remaining investors want to sell off highly inflated equities and turn a profit.

End of story...

CNN: Stocks: Bracing for an early sell-off

Most focus remains on euroland with Ireland in trouble, and Portugal and even Spain under attack now..."


Trading volume in U.S. markets is expected to be light and that could lead to some exaggerated moves...


Oil for January delivery slipped 67 cents to $83.19.