Search This Blog

Friday, February 15, 2013

The Market On Friday

  Good morning and welcome to the weekend. It is 35 degrees and sunny here in Upstate NY. The snow from last week's big storm continues to recede. We are beginning to hear the birds chirping a bit more, I can hear one now in the backyard as I type. Spring is beginning to yawn and then roll over for a little more sleep. It's a holiday weekend for many with students off for all of next week. It's a gearing up for the last round of winter then we'll hit the ground running.

  At 8:00 a.m. E.T. futures are flat and the price of oil is down. The market is poised to open flat to lower.

  There you have it, the DOW is perched at near record levels and corporate America is rolling in dough. Investors will be parsing more fourth quarter reports along with data on manufacturing and consumer sentiment. Unquestionably in my mind at this point the biggest concern is the environment. There will be a large climate rally in Washington D.C. on the 17th. This is a big deal, in my opinion it's the biggest deal even above the lunacy that the right wing is offering lately. There's no more room for inaction.

CNN: Stocks subdued after recent gains
About 65% of the companies in the S&P 500 that had reported fourth-quarter earnings as of Thursday topped analysts' expectations...

No comments: