Friday, November 29, 2013

The Market On Friday

  Good morning. It is 25 degrees and overcast here in Upstate NY. The weather seems very appropriate for this holiday weekend. I do hope your Thanksgiving gathering was good and if you were by yourself, that you had a restful day. Our gathering was very relaxed and pleasant, I don't think it could have been better. We are grateful for having friends that join us and share the good food.

  At 8:45 a.m. ET futures are moderately higher and the price of oil per barrel is down. The market is poised to open higher but energy stocks may trail behind.

  The market closes at 1 this afternoon. Indexes are at an all time tine high and as the Christmas marketing period gets under way, the strength of retailers will begin to come into focus. It is consumer buying that is a main driving force in the economy. Regardless, today we might just sneak away with a stable market, maybe.

CNN: Stocks: Set to end November on a high
Trading is likely to be quiet Friday, with U.S. indexes closing at 1:00 p.m. ET after being shuttered Thursday for the Thanksgiving holiday.

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