The Market On Friday

  Good morning. It is 48 degrees and sunny here in Upstate NY. Yes, it's a little chilly and you know what can't wait to get here by oh let's say, mid November. Regardless we've had a few delicious days, it's like paradise. Enjoy it if you're in this area. The news is complex to say the least. I'm finding the revelations that the NSA can now gain access to all your most intimate information to be a bit troubling. What happens when we wake up and find that our identity is somehow taken away along with our deeds and assets. Pure misery awaits.

  At 8:20 a.m. futures are slightly higher and the price of oil per barrel is up. The market is poised to open slightly higher except...

  At 8:30 a.m. the government releases it's job creation report for the month of August. As always this is a big deal and none more big than today's. If the number is better than expected then we have a situation where the Fed will curtail quantitative easing sooner rather than later and that is troubling for investors. So one suspects there is a pocket of leaders out there hoping for a less than stellar report, moot point in a few minutes. On top of this we have an incoming war with Syrian military assets about to be bombed into oblivion. In thinking about this Syrian war, literally many many thousands of people have been killed in this mess plus millions are now displaced refugees. It strikes me that the gassing misery is the type of singular simplified event that allows our government a way into the conflict. The reason why it allows this entrance is because it is a simple understandable reasoning - they gassed their own people -> that's against international law -> we must punish this international outrage. I mean now that's a logic one can sell. Forget about the overall complexity of this mess and that thousands upon thousands have already been slaughtered and that millions are refugees. What we have here is a classic "teaching moment" to utilize for somebody's benefit. Who benefits? Always follow the money, the oil, and the power and control.

CNN: Stocks: Ready for the jobs report

"The key as to whether or not the Fed is going to pull the trigger is today's employment data..."