Friday, May 03, 2013

The Market On Friday

  Good Morning. It is 52 degrees and sunny here in Upstate NY. The temperature reached above the 80s yesterday, it was hot. I've broken out the shorts. Today is shaping up to be a similar day. In case you missed it, the carbon dioxide readings are about to top 400 PPM. This is a real tragedy, carbon dioxide hangs out in the atmosphere for 100 years and carbon dioxide is a molecule that holds heat. Add these three points together - arising PPM count well above the levels of the last 10,000 years of moderate global temperatures, the fact that carbon dioxide lingers in the atmosphere for 100 years, and the fact that the carbon dioxide molecule holds heat, and you have increasing global warming. That is the gist of it. No religion, no political affiliation, no wishing it away, no ignoring these facts in any way whatsoever, will change those three easy to understand and intensely dramatic facts. Yet in this country we are doing next to nothing about it and we are still increasing the amount of CO2 in the atmosphere. We are doing nothing because we are essentially at the mercy of pinheads in government and corporate pinheads who control their puppet strings along with a massive fabricated right wing lying media.

  At 7:55 a.m. futures are flat and the price of oil per barrel is higher. The market is poised to open flat except...

  At 8:30 a.m. the government will release its data on job creation for the month of April. That is the beginning and end to the story for the market today - probably. Look for the figure to make it into the news cycle all day and through the weekend. It will be used as a political football just as it has been used as a political football every single month throughout Obama's presidency.

CNN: Stocks: Waiting for the jobs report
The U.S. government is set to release the closely watched monthly jobs report at 8:30 a.m. ET.

LinkedIn shares plunged in premarket trading after the professional-networking site on Thursday offered weak second-quarter guidance.

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