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Friday, October 23, 2015

The Market On Friday

  Good morning. It is 41 degrees and sunny here in the Upper Hudson Valley. A beautiful sunny day with temperatures in the 50s is predicted. What a week it has been, it did not disappoint. I guess I could write an endless stream of negative comments about the GOP. I'll just write a few. The GOP is no longer a functioning political party, it is now a hostile headless fear crazed insurgency bent on destruction and essentially devouring itself and anything else that happens to stray too close to its chaotic brainless black hole center. I applaud Hillary Clinton's calm and articulate responses over a deliberately brutal period of time from an essentially vicious and extremist hostile group of GOP alleged politicians. The GOP literally needs to be stamped out, it is a smoldering garbage heap at this point in time. I could not be possibly more convinced that the country needs to be divided into two separate entities - America and Red America.

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

  A severe interest rate cut by China's central bank is driving up futures this morning. Along with that reality is the possibility of another interest rate cut for the Euro by the ECB. Investors like interest rate cuts because it means money is more liquid.

CNN: 6 things to know before the open
China slashed key interest rates on Friday, the latest in a string of measures aimed at boosting its economy.

The ECB could cut interest rates even deeper into negative territory or increase the size and scope of its program of quantitative easing -- printing money to buy government bonds and other assets.

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