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Friday, May 24, 2013

The Market On Friday

  It is 54 degrees and rainy here in Upstate NY. The forecast has it raining right through the weekend, hopefully we can somehow salvage a day of sunshine over the extended holiday. On our personal note, the whole routine for using whitening strips for one's teeth seems to have improved significantly. I am using a well known brand and these things stick to your teeth very well, there isn't that gooey and drippy quality of my past experience. They do work too, the stains are slowly lifting. I'm using a level 4 product with 5 being the most whitening. I'm not even going to go near how the stuff is probably leaving behind a trail of toxicity for my system to make sense out of. They were a little pricey in my opinion, but they really do work and they are not such a nuisance when you're sitting there for 30 minutes while they bleach away.

  At 7:55 a.m. ET futures are significantly down and the price of oil per barrel is lower. The market is poised to open lower.

  The short story appears to be twofold. First investors are still concerned that the Fed is about to abate its quantitative easing program. Secondly the indexes have risen dramatically over a short period of time, leaving everyone wondering how stable that rise really is. Generally speaking when we have a 3 day weekend the Friday tends to be a day with less trading since many are already on extended vacations. That tends to play into a more volatile market. Perhaps calmer heads will prevail  by closing time.

CNN: Another downer day on Wall Street
U.S. stock futures fell 0.6% as jitters from the previous day's market mayhem spilled over.

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