The Market On Thursday

Good morning. It is 41 degrees, cloudy, and rainy here in Upstate NY. It was cold and damp as I walked this morning, this is the rawer fall weather that we know so well in these parts. There are still quite a few leaves hanging on especially on the oak trees. But this is also the time when sleeping seems easy. Maybe its because we want to hibernate through the winter.

At 8:15 a.m. futures are amazingly higher, the dollar is down, and oil is up. Barring some horrible news on the GDP or first time unemployment numbers, the market is set to pop.

Its all about a deal out of the Euro-zone on how to resolve the debt crisis especially surrounding Greece. A deal was laid out this morning and apparently there is enough there to make investors go happy and bubbly with the equities.

Now how long will this last? If we read that tomorrow its about Euro-zone worries...

CNN: Stocks set to pop on Europe debt deal

Under the new plan, Greek bondholders voluntarily agreed to write down the value of Greek bonds by 50% -- which translates into €100 billion -- and will reduce the nation's debt load to 120% of economic output from 150%.


The U.S. government will report its highly anticipated third-quarter GDP figures before the markets open.


Oil for December delivery gained $2.09 to $92.29 a barrel.