Thursday, October 01, 2015

The Market On Thursday

  Good morning. It is 49 degrees and with a hint of sun, here in the Upper Hudson Valley. The weather forecast has shifted to the next several days being mostly sunny. Yours truly is playing a club date Saturday night and I'm hoping it's not raining. We see that Jeb Bush is telling Trump to put on his 'big boy pants'. How funny, it certainly is relevant. Has any candidate ever acted with such classless, mean kid in third grade behavior than our illustrious Trump? No, no one has ever acted with such presidential-free role modeling impunity. Let the Trump vs Bush wars begin. Incidentally has there ever been a worse series of 'candidates' leading in the GOP polls at one time? I am reluctant to call this bunch candidates, they're more like children. No, this is clearly the worst group of so called leading candidates ever - Trump, Fiorina, and Carson. God help us.

  At 8:30 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  Investors are pleased with manufacturing data out of China and yes that in itself would be enough to push futures ahead. Notice that oil has temporarily stabilized around the $45 per barrel area. I suspect many are waiting for the next shoe to drop on oil where it descends lower. Friday is a big day with the government's monthly report on job creation due out. The weekend is approaching.

CNN: 4 things to know before the open
Investors seem cheered by new economic data from China -- the manufacturing figures were certainly not stellar, but they were better than expected.

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