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Friday, November 23, 2012

The Market On Friday

  Good morning. It is 38 degrees and presently clear with rain expected later, here in Upstate NY. I hope everyone had an excellent Thanksgiving. I did. Unfortunately I have to work this morning so it is a normal day for me. Most people take the day off and as a result the traffic in town is much slower and lighter than usual. It's relatively quiet out which is very nice. Many are cramming into the malls for Black Friday specials. That activity is completely opposed to my general interest make-up, so I will leave it for those in need of deals. The theme for the weekend is leftovers.

  At 8:15 a.m. futures are ever so slightly higher, the dollar is mostly down against major world currencies, and the price of oil is down per barrel. The market is poised to open in the flat territory.

  Wall Street closes at 1 p.m. today and one suspects many if not most investors are taking the day off. Because of this one hopes that the market will simply remain flat and close flat for the day with no major calamities shifting the indexes too much.

CNN: Investors prep for shortened stock session
Little major news is expected in the United States on Friday's holiday-shortened trading day...

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