The Market On Thursday

Good morning and welcome to December. It is a clear 29 degree morning here in Upstate NY. I was out walking with the puppy in the cool air earlier. She is gaining her confidence. Yesterday I had her unleashed in the backyard and she took off after a squirrel. The "leave it" training is much needed. That will take some time as a squirrel is a very high value object to a Labrador.

At 8:10 a.m futures are flat, the dollar is mixed, and oil is pricier.

All signs point to the market staying relatively flat at the opening bell.

After yesterday's amazing rise in the indexes, investors are left to rethink the present position.

Personally I found the line stating that Standard & Poor's is warning of a potential recession in Europe to be the most compelling. One would think the Eurozone already is in a recession, its just a matter of a technical bestowal.

CNN: Stocks: Investors take a breather

...the Federal Reserve said it will work with other central banks to support the global economy.


A report from Standard & Poor's early Thursday warned that another recession may be on its way to Europe, as the debt crisis in the region continues to spread.


Oil for January delivery edged up 21 cents to $100.57 a barrel.