Good morning. It is 47 degrees and it is sunny here in the Upper Hudson Valley. The forecast has it going up near 60 degrees this afternoon and it will be sunny, I hope. Hey did you see Carly Fiorina, our new Vice President in waiting, yesterday at the Ted Cruz announcement? I saw it and couldn't help but be significantly amused. Here's what that great announcement means, Donald Trump, holding back the throat vomit here, will be the 2016 GOP presidential nominee. Yup the petulant bully child-man with the penchant for the sledge hammer school of subtlety will be vying for president and god help us if he wins, no really god help us, really.
At 9:00 a.m. ET futures are significantly lower and the price of oil per barrel is up now trading in the $45.35 area. The market is poised to tank at the opening bell.
Long story short, not a pretty day for stocks, maybe the market will rally later on and cut some losses but it's looking ugly. The Bank Of Japan has held back on more q.e. and that's a bummer. Then the US first quarter GDP came in at .5% growth, we barely gained a silly millimeter. That information does not make investors tingly happy.
The Bank of Japan dashed investors' hopes for more economic stimulus on Thursday. The bank kept interest rates unchanged and held off from expanding its big asset purchase program, despite the Japanese economy falling back into deflation last month.
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