The Market On Friday

Good morning and welcome to the weekend. It is 59 degrees, sunny, and with little humidity here in Upstate NY. Truth is when I began my early morning walk I was chilly. The t-shirt was not doing the trick. Relatively little litter on the mean streets this morning, could be the coolness. I did see a single brown deer munching some yard delicacy on my return loop. The trick to gardening around here is to find the plants they don't like.

At 7:30 a.m. futures are slightly up, the dollar is mixed, and oil is ever so slightly up.

Investors were probably pleased to see Google's strong Q2 report. In addition American banks are shielded from the upcoming economic misery in Italy.

Today, the Q2 reports continue to come in and there will be news on inflation. With oil prices coming down a little bit, one might suspect that in time inflationary pressures with lighten.

The big dilemma right now is getting the GOP to relinquish its nose cutting face spiting need to sink the economy to make sure its rabid point is maintained. Let's start a secession movement. We want two USA's - Red America and Blue America. Red America gets the Southern states and most of the plain states. Blue America is the Northeast, West coast, Illinois, and Michigan. This could work.

CNN: Stocks poised to edge higher

(On Thursday)...Ben Bernanke said that the central bank may not be as willing to move on further stimulus as previously thought.


The Labor Department releases its June consumer price index data, the nation's most common read of inflation, in the morning.