The Market On Thursday

  Good morning. It is 52 degrees and overcast here in Upstate NY. My morning walk was more like a sprint as I have another very packed and busy day ahead. So I will be brief here. According to Nate Silver, Obama has something like a 70% chance of winning the election. Silver's blog is in direct opposition to many conservative polling outfits that have Romney winning the election. In my opinion the problem with the right at this particular period, or should we say "a" problem, lies in the utter rejection of conventional wisdom and facts AKA reality leading to a new set of partisan happy facts. It would not surprise me that even if Obama wins the election, the right will actually come out and say that Romney won.

  At 7:50 a.m. futures are modestly higher, the dollar is mostly down against major world currencies, and the price of oil is up per barrel. The market is poised to open higher.

  Investors will continue to parse third quarter reports today with a few of the darlings of the investment world coming through in a short time from now, including (drum roll please) major darling Apple. Its called iInvestment.

  In addition notice that England is now technically out of it's long lasting recession announcing a 1% growth in their GDP.

  At 8:30 a.m. the first time weekly layoff numbers come through and once again this will affect Obama's election chances. Good numbers will be ignored by FOX News, while poor numbers will be in your ear constantly.

CNN: Stocks to rise ahead of earnings

Corporate earnings season continues Thursday with results due in the morning...

...the UK government reported that the gross domestic product grew 1% in the third quarter, lifting the nation's economy out of recession.