The Market On Friday

Good morning and welcome to the weekend. It is 67 degrees, cool, and cloudy here in Upstate NY. The humidity is in remission. Clearly the news of the day is the Mavericks gutty win in game five of their series with the Heat. Even if the Mavericks somehow lose two in a row, Dirk Nowitzki is the hero. He is unreal, let's face it. I would never have thought a team with 1.5 superstars could beat a team with 3 superstars. Dirk Nowitzki is anything but a soft player. The guy is playing with a torn finger tendon, a fever, and what next? I expect to see him out there playing while he is in a hospital bed. And the amazing thing is, his team will win.

At 8:25 a.m. futures are slightly down, the dollar is mixed, and oil is down.

As you know the DOW reversed course on Thursday and produced a day of gains. Not much has changed fundamentally though. The chatter seems to indicate that the market is in for more losses considering the economic malaise in place.

Not much we can say about it. That's the way it is. Until, or rather if ever companies start hiring people beyond one or two bodies a month, until that happens we start looking more and more diminished.

CNN: Stocks: Choppy waters ahead for investors

...investors remain nervous about the slowing economic recovery.


"Yesterday we managed to reverse course, but I think the technical erosion is still in place."


Investors will get May's import and export prices from the government at 8:30 a.m. ET.


Oil for July delivery fell 96 cents to $100.97 a barrel.