The Market On Friday

Good morning and welcome to the weekend. It is 33 degrees and hazy sunny here in Upstate NY. The morning is all about walking the dog these days. Out we were on the mean streets for a solid hour working with the new puppy. She is terrified of other dogs. She's a lot like many of us who are also terrified of our own species. Working on her socialization skills is high up on the list of priorities, we will get her there.

At 8:25 a.m. futures are much higher, the dollar is down, and oil is up. The market is poised to open higher at this time.

Nothing has changed in the Eurozone in fact reading through the reports one gets the sense that the depth of the crisis is widening or is at least becoming known. Meanwhile the market continues to trade in the 11K to 12K rang and for reasons for which I cannot explain investors are into equities this morning. It could very well be that there is an interest in buying some beat up stocks.

CNN: Stocks looking to rebound

"...investors are being yanked along day-to-day by European headlines, whether they like it or not..."


(On Thursday) The selling gained momentum after the S&P 500 fell below 1,225 -- a key technical level that had been the recent moving average.


...the eurozone debt crisis appears to be spreading to larger economies in Europe.