The Market On Thursday

Good morning. It is 62 degrees, cloudy, and with a rain logo for Thursday here in Upstate NY. Another week is flying by, the days go by quicker and quicker with each passing year. Why is that? I was up and out for my early morning walk and today was the first day in some time where I needed to carry my flashing red warning baton. It was dark out. The days are getting shorter, fall is getting closer, and trees in this area are showing just the faintest signs of fall with only a few leaves having turned or fallen. All the rain in the past few weeks has activated another wave of blood thirsty mosquitoes, they are out in swarms, and the bug spray is running low.

At 8:00 a.m. futures are moderately higher, the dollar is down against major world currencies, and oil is pricier.

According to investment journalists, investor will be putting the Eurozone debt crisis on the back burner. Instead they will be focusing on a slew of economic data from the USA. We are talking about data on unemployment, inflation, and manufacturing.

CNN: Stocks gear up for gains

Starting at 8:30 a.m. ET, investors will turn their attention to reports on U.S. inflation, unemployment and manufacturing.


Government data on industrial production and capacity utilization for August are due at 9:15 a.m. ET


Oil for October delivery gained 46 cents to $89.37 a barrel.