The Market On Friday

Good morning. It is cold and the snow is just about stopping for the time being here in Upstate NY. It looks like we got 4 to 6 inches of new powdery type snow overnight. We have a multi-layered base of snow now. Somewhere in the middle of the snow strata is a thick crusty type of snow ice, the creme brulee of snows. With the weekend temperature set to go down to the freezing hell realm level, we upstaters are ready to scream, cry, throw tantrums, and have our usual group sex bestial orgies.

At 8:25 futures are slightly up, the dollar is down across the board, oil is up, and with no market moving economic reports on tap, the odds of a day of gains are above average.

Notice that GE showed a huge fourth quarter profit. GE is a beast of a company. This profit bodes well for American industry.

Notice Bank Of America's fourth quarter profit loss. Doesn't it break your heart?

CNN: Stocks poised for gains

"It's getting harder to surprise investors who already have elevated levels of enthusiasm related to equity investments..."


General Electric reported a fourth-quarter profit that topped Wall Street forecast...


Bank of America reported a fourth-quarter net loss of $1.2 billion, or 16 cents per share.


Oil for March delivery gained 38 cents to $89.97 a barrel.