The Market On Friday

  Good morning. It is 17 degrees and I think it just stopped snowing for the moment here in the Upper Hudson Valley. We got a solid dusting of snow overnight. As I look out my window while typing this it's really quite beautiful and a classic winter wonderland scene outside. Winter is like a huge freezer where everything in nature is being preserved, just like you'd freeze ice cream to preserve it. The land is being preserved for the new growth and all life including people are more or less huddled conserving energy and trying to stay warm.

  At 9:00 a.m. ET futures are slightly higher and the price of oil per barrel is slightly lower. The market is poised to open higher.

  Checking the articles this morning it looks like the falling unemployment rate and the addition of 252,000 jobs in the month of December is positive news. However the alarm that deflation is occurring in the eurozone is balancing the positive with negative. Yet the Fed on Thursday predicted a few years of upward trending economic activity. So what wins the day? Enjoy the weekend.

CNN: Stocks: 4 things to know before the open

Germany and France, the eurozone's two biggest economies, reported a drop in industrial production in November. That follows an initial reading of eurozone December inflation earlier this week that showed consumer prices fell.

U.S. economy added 252,000 jobs in December, making 2014 best year since 1999. Unemployment declined to 5.6%.