The Market On Friday

  Good morning. It is 75 degrees and very sunny here in the Upper Hudson Valley. We are in for a bright sunny Summer day. It's been another tough week in the news. I find the rape and killing of 8 year old Maddy Middleton to be on the unbearable side of tragedy. Will we ever know what possessed a 15 year old young man to rape, murder, and then throw her body into a dumpster. How could such fatally violent behavior come from a such a young person. Please keep Maddy in your thoughts.

  At 8:40 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.

  Today of course is the last trading day for July. The month has been filled with second quarter corporate reports and more reports are on the way. In my opinion it is still the tumbling price of oil that is a central issue. I am like everyone else, how far will the price drop - some speculate $33 per barrel - and how will this effect global usage in a time when oil should be so expensive that no one wants to use it. How is this drop going to effect CO2 emissions. When something is cheap and plentiful it's usually not a good way to stop usage.

CNN: Stocks: 5 things to know before the open

"The last trading day of the month [brings the] risk of choppier than normal trading as institutional investors re-balance portfolios and funds adjust to fit around month end performance statistics..."