The Market On Friday

  Good morning. It is 62 degrees and sunny here in Upstate NY. It's very pleasant out with a tiny bit of a feel that reminds me of the early Fall. Friday rolls around again and we are back to the weekend as another week flies by. Does anyone know what LinkedIn does? I have presumed it's one of those things that will fizzle out sooner rather than later but now I'm reading that company's revenue is up and so is it's membership. Has anyone ever benefited from LinkedIn? It's like we got sucked into it and don't really know how that happened or what it does, or why we need it. One of my morning rituals is deleting LinkedIn emails.

  At 7:35 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is poised to open in the mixed area except...

  At 8:30 a.m. we get to read about the government's report on job creation and hiring in the month of July. As always this is a big deal in our endlessly "recovering" economy replete with it's corporate induced shrinking middle class. Regardless if the report is perceived to be good and by that I mean perceived by the investment class to be good, because it can't possibly be good for anyone else excepting a few new workers at McDonald's, then the market lifts higher. If perceived to be bad, well then that's that for Friday and enjoy the weekend. We'll hear about the report all day long, all weekend long, and the political parties will cite it in their disdain for the opposite side of the aisle.

CNN: Stocks: Ready for the jobs report

The U.S. government is set to release its monthly report on the labor market at 8:30 a.m. ET.

Also at 8:30 a.m., the government will release its monthly report on personal income and spending.