The Market On Friday

  Good morning. It is 59 degrees and overcast here in Upstate NY. The weather logo is predicting Sun for the weekend. One of the articles is indicating that Americans believe the recovery from the Great Recession will take years, that seems real. Can we put the entire notion of a trickle down economy to rest for good now. Wall Street has made the elite incredibly wealthy in the past few years and that has not translated to improvement on Main Street in the littlest bit. People are stretched, jobs are tight, medical coverage is more expensive with higher co-pays, and there are many pockets in the country that are in very rough shape.

  At 8:00 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.

  At 8:30 a.m. ET the government will release the important jobs report for the month of May. One suspects that the numbers will have some weight on how the market opens this morning. As usual expect the report to be applauded by the administration and ridiculed by the GOP. As the GOP Congress has done virtually nothing to help job creation and has mostly done things to inhibit job creation, who cares what they say.

CNN: Stocks: 4 things to know before the open

As long as at least 113,000 jobs were created, the U.S. will have now finally recovered all the jobs lost in the financial crisis. Still, most Americans think the economy won't fully recover for years.