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Thursday, August 23, 2012

The Market On Thursday

Good morning. It is 63 degrees and sunny here in Upstate NY. I just got back from a trail run with the dog, it was great fun. The nice thing about a trail run is that your feet don't go through the usual pavement pounding. The forest bed is nice and soft and has some give to it when your running over it. Didn't see any wild critters fortunately because I was wondering if the dog would take off after it. When you get the dog out and running they burn off lots of energy and can sleep through most of the day.

At 7:55 a.m. futures are slightly higher, the dollar is completely mixed against major world currencies, and the price of oil is slightly up per barrel. The market is poised to open a tad higher.

At 8:30 a.m. investors will see the weekly numbers on first time layoffs for the preceding week. I'm thinking the number comes in around 365,000 to 370,000 and that a wild guess.

The action is slow because many investors are on vacation, so we wait it out till after Labor Day. We'll take it though because we need a bit of a respite ourselves.

CNN: Stocks poised for higher open
Minutes released from the Federal Reserve's July meeting show the central bank is considering two key measures...

Wall Street trading volume is expected to stay light for the rest of August.

A preliminary report showed that China's manufacturing sector hit a nine-month low in August...

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