The Market On Friday

Good morning and welcome to the weekend. It is 59 degrees and sunny here in Upstate NY. Is it just me or did this last week literally fly by? Unfortunately I have a working weekend ahead and I am not looking forward to it either. On a personal note, my latest collection of music is in production and I expect to have some physical CD's in my possession within the next 10 days.

At 8:00 a.m. futures are flat, the dollar is up against major world currencies, and the price of oil is down per barrel. The market is poised to open in the flat to lower area.

The most relevant news is that trading volume remains light and although the market dropped on Thursday, not much activity is expected. That of course can change at the drop of a hat.

Investors are waiting for the next Fed meeting scheduled for next week. There is great anticipation surrounding the possibility of another round of quantitative easing or some similar measure to "provoke" the economy. Till that occurs the steady stream of economic news and data will be more in the background.

CNN: Stocks: Investors sidelined by global growth jitters

Little is expected to shake markets until the Federal Reserve's annual symposium next week in Jackson Hole, Wyo...

Oil for October delivery fell 34 cents to $95.92 a barrel.