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Friday, April 17, 2015

The Market On Friday

  Good morning. It is 54 degrees, cloudy, and damp here in the Upper Hudson Valley. Rain is in store for much of the coming week. We see that computer terminals for Bloomberg blacked out this morning, all over the world no less. It's interesting that this makes it to the news. While you weren't looking, computers have become sacrosanct. Do not F with the computer. Maybe it's espionage, or worse - computer terrorism...

  At 8:50 a.m. ET futures are significantly lower and the price of oil per barrel is down. The market is poised to open lower.

  This last week saw the rise in oil prices now with light crude around $56 a barrel. OPEC on the other hand is producing more oil than ever so the wars and battle for control of the oil supply goes on. The companies/countries that can profit from high quantities at low prices are moving into the neighborhood. Check out Netflix, the company is rocking and simultaneously cornering the bandwidth market. More and more of the internet is clogged up by Netflix. Have a great weekend.

CNN: Stocks: Six things to know before the open
Worth over $500 a share, Netflix is the best performer by far in the S&P 500 this year, with analysts expecting further growth.

Unemployment in U.K. fell to 5.6% in February, the lowest since 2008.

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