The Market On Friday

  Good morning. It is a chilly 35 degrees and sunny here in the Upper Hudson Valley. A sunny day is expected. Well, after being blown out of Madison Square Garden on Wednesday night, the Knicks rallied and beat the Cavaliers last night. Sports analysts will be wondering how this occurred for the next several days. The Knicks' bench was very good and outscored the Cavaliers' bench by around 40 points. That is huge. The Cavaliers played their team of exceptional starters for an ungodly number of minutes and I suspect those guys were exhausted. Maybe there is some hope. Personally I expected the Knicks to get blown out for a second time.

  At 8:45 a.m. ET futures are significantly higher and the price of oil per barrel is down. The market is poised to open higher and more than likely energy stocks will once again take a pounding.

  Investors are pleased to see that the Bank of Japan is picking up where the Fed left off in promoting it's own further version of quantitative easing. This is rallying this morning's futures. Regardless, it's been a strange week and now we can look forward to the weekend.

Reuters: Futures rally after BOJ ramps up stimulus

"Investors have been watching for a while to see if the rest of the world would start to grow and help multinationals in the U.S.; this (BOJ stimulus) is a great step towards that..."