The Market On Thursday

Good morning. We have hit a major snag in our kitchen remodeling efforts. The countertop came in and it was quite ugly. The Formica pattern was not visible on the chip. If there is a lesson to learn here, it would be to look at a large sample of the type of desired Formica color, not the 2 inch sample. We are going to suck it up and buy a new one. Yes its money wasted.

At 8:00 a.m. futures are moderately higher, the dollar is once again down, and oil is now up over $85. per barrel. Pay attention to that oil price. It is drifting higher at a very quick rate. Oil had stayed in the $70 to $80 range for a long relatively stable time. This could mean that it may fall back to previous pricing, or on the other hand that some type of inflation is in effect.

Investors are pleased with Tuesday's election results and the Fed's announcement to buy $600 billion in T-Bills to loosen up the economy. The attention will now shift back to the fundamentals of how the economy is actually working at present and employment is the big issue.

CNN: Stocks set to open higher

...many investors say the market has already priced in any potential benefits of the financial injection and election results. As a result, the focus Thursday could shift back toward the outlook for the economy, particularly the job situation.


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


Oil for December delivery gained $1.21 to $85.90 a barrel.