The Market On Friday

Good morning. It is 50 degrees and sunny here in Upstate NY. It is rather gorgeous out. The morning walk was crisp as the new dog is back in better health, raring to go as it were. Unfortunately some of her less desirable habits are back with her barking at other dogs. I still can't bring treats with me to try to lure her away from the barking because she is still on a special diet. We make progress one step at a time.

At 8:10 a.m. futures are modestly higher, the dollar is mixed against major world currencies, and the price of oil is higher. The market is poised to open a little higher.

Today's big news is Facebook. Facebook's IPO will allegedly sway investors away from major concerns over the eurozone economic meltdown. We will see about that.

The troubling news out of Europe continues to stream in and there does not seem to be an end in sight. This is a rather serious crisis, think about it. Fortunately we can relax a bit over the weekend.

CNN: Stocks: Facebook IPO vs. Europe worries

...Facebook...set to debut on the Nasdaq in one of the most highly anticipated IPOs in years.


Concerns are mounting about a potential Greek exit from the euro...


...Moody's downgraded 16 Spanish banks on Thursday...


...depositors are withdrawing their money from Greek banks...