At 9:00 a.m. ET futures are slightly higher and the price of oil per barrel is down now under $75 per barrel and moving towards the amazingly low price of $70 per barrel. That is the biggest surprise of all. The market is poised to open higher but energy stocks will once again be pressured.
In my opinion it is the ever so slightly good news out of the Eurozone that is part of this morning's positive movement. The Eurozone has literally been in the economic dumpster for quite some time but this morning there is a tiny sign of life.
CNN: Stocks: 5 things to know before the open
The eurozone economy grew by a meager 0.2% in the third quarter, but the numbers were better than expected. Germany dodged a recession with quarter-on-quarter growth of 0.1%, while France grew by 0.3%.
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