Friday, January 17, 2014

The Market On Friday

  Good morning. It is 25 degrees and cloudy here in Upstate NY. The warmer period, and by that I mean temperatures in the high 30s and 40s is predicted to continue through the weekend, then it's back to freezing. Hey it's winter, but so far definitely another unusual one. We see that Christie is lawyering up to meet his Bridgegate inquisitors. It's like the sides are ready to do battle and are now bringing in supplies and fortifications with the battle about to begin. I don't think Christie gets out of it unscathed. Minimum he gets a strong finger shaken in his face along with a stern warning.

  At 8:30 a.m. ET DOW futures are modestly higher and the price of oil per barrel is up. the market is poised to open higher.

  According to the article, corporate fourth quarter results have been mixed and so the market has been up and down this week. Regardless the DOW is in a fluffy position perched over 16,000. It's a wait and see situation with investors reacting to the parsed reports as they come through and eventually all will settle down on a clearer dynamic trend. I seem to recall the predictions that 2014 would continue with modest growth. So far this is true.

CNN: Stocks: Indecision reigns!
Intel shares sank in after-hours trading Thursday following quarterly earnings that missed expectations.

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