The Market On Friday

  Good morning and welcome to the weekend. It is 53 degrees and cloudy here in Upstate NY. We had some rain yesterday evening, and the logo is predicting rain for today and tomorrow. That would be a bummer for tomorrow as I am scheduled to do a performance outdoors. Oh well, wait and see.

  At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is up. The market is poised to open higher.

  Now that the debt ceiling limit has been temporarily raised until the beginning of next year, investors are back to focusing on the national and global economy. What is disturbing of course is that these Tea Party politicians will no doubt attempt another economic coup in order to change something that they do not approve of but has come into effect through democratic efforts. Obamacare will top the list but any social spending program of any type including food stamps, or after school programs, or lunch programs, or medicare, and even SSI will be an ongoing and forever target for this crew. Bless their little souls.

CNN: Stocks: Investors refocus on economy, earnings

...China reported its economy grew 7.8% during the third quarter...