Good morning and welcome to the weekend. It is 53 degrees and sunny here in Upstate NY. The forecast has the temperatures going into the 80s in the next week, we shall see. This would mean a return of Summer because lately it's been early Fall. It's difficult watching reports out of Egypt. All manner of civility is gone and chaos has taken over with many senseless murders and suffering. It's hard to imagine how one could maintain their sense of sanity in the midst of it, the mental suffering of the ordinary person which never comes across on TV reports is off the chart. People want contentment and peace, everybody wants that, doesn't matter where you live on Earth. Here we loose our stuff when our usual road is closed for repairs and we are forced to detour.
At 7:55 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
It's been a harder week on Wall St. On Thursday the DOW dropped 225 points and that is a lot considering how buoyant the market has been in recent months. This drop was due to WalMart and Cisco showing poor second quarter results. Regardless even though the market is set to open higher, where is closes is a different story. When trading volume is low and investors are on vacation, volatility sometimes is higher. This week it's higher.
CNN:
Stocks set to stop slide
On Thursday, indexes were dragged down by disappointing earnings from Wal-Mart and Cisco.
...data on July housing starts and building permits at 8:30 a.m.
No comments:
Post a Comment