The Market On Friday

Good morning and welcome to the weekend. It is 19 degrees and sunny here in Upstate NY. We got a light dusting of snow last night, unfortunately the town is out in full force salting down the roads when there's not really a need to do it. I guess the budget needs to be spent. The salt is of course inhibiting to the local dog population as the salt burns the delicate parts of their feet.

At 8:30 a.m. futures are slightly down, the dollar is down, and oil is down. The market is poised to open lower.

Investors are re-concerned with the ongoing Eurozone debt crisis and now back in focus is Greece. Greece will be defaulting on its debt and the wonder is how this will all play out in financial markets.

In addition investors are examining fourth quarter reports from big tech firms along with data on existing home sales.

Recently the market has opened lower and changed course by mid-day. Its really a crap shoot.

CNN: Stocks: Cautious trading day ahead

The deal is a key condition for Greece to receive additional bailout funds from the European Union and International Monetary Fund.


...quarterly results from some of the nation's biggest tech firms...


At 10 a.m. ET, investors will get report on existing home sales...