The Market On Friday

Good morning. It is partly sunny and around 40 degrees here in Upstate NY. The sidewalks are relatively clear with the occasional ice and water puddle blockage, the second thought obstacle. Its hard to tip toe through it and walking around it is a problem too.

At 8:30 a.m. futures are relatively flat, the dollar is mixed, and oil is slightly up.

Monday is the generic President's holiday and the markets on Wall Street will not be open. This means that today will be quiet as many investors are extending the holiday. So one can expect light volume, and I would suspect a little southward drifting, hopefully nothing worse.

There's a big deal G-20 meeting occurring in France. One topic will be the rising inflation affecting the globe. We went to the supermarket last night and it sure seemed like everything was more expensive. Yikes. Who can afford food? The other problem is that the food one can afford isn't really food, its a mess of white flour, corn syrup, and preservatives. Sound good?

CNN: G-20 meeting hovers over stocks

U.S. markets will be closed Monday for the Presidents Day holiday.


The two-day G-20 meeting of finance ministers and central bankers got underway in Paris.


Oil for April delivery edged up 36 cents to $89.20 a barrel.