Friday, December 23, 2016

The Market On Friday

  Good morning. It is 34 degrees and mostly hazy sunny here in the Upper Hudson Valley, the forecast predicts a cloudy day with temperatures in the 40s this afternoon. Here we are poised just before the holiday weekend of Christmas, once again. People are out and about gathering food and gifts, and there's a buzz in the air. The stock market will be closed on Monday for the holiday.

  At 9:15 a.m. EST futures are slightly lower and the price of oil per barrel is down. The market is poised to open slightly lower.

  Hopefully we'll have a light day on Wall Street. Notice that Deutsche Bank came up with a deal with the US Treasury over the financial crisis of 2008. Recall that Trump owes millions and millions and millions to Deutsche Bank. Meanwhile the DOW is very close to hitting the 20,000 mark, and how long will the bull market continue.

CNN: Stocks react to bank bailout and fines; Lockheed stung; Dow record still in sight by Alanna Petroff
Deutsche Bank (DB) and Credit Suisse (CS) have just announced deals with the U.S. government worth a total of $12.5 billion to settle claims over their roles in the U.S. mortgage meltdown of 2007 and 2008.

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