The Market On Thursday

Good morning. It is 65 degrees and presently raining cats and large dogs here in Upstate NY. I was out walking bright and early this morning except it was dark and rainy. I walked with an umbrella and rain jacket, still got pretty soaked though. Midway through the walk the lightning freaked me out just a little. You're out there walking in the dark rain when all of a sudden its like somebody set off several flash bulbs in your face, that was the sensation. Fortunately I missed getting hit by a bolt.

At 8:30 a.m. futures are flat, the dollar is mostly down, and oil is slightly up.

The talk is now turning towards Germany approving a method that the E.U. can use to bailout troubled countries in the E.U. Other E.U. countries still need to sign on but Germany is a big deal with one of the world's largest economies one might suspect that the other countries will fall in line and sign as well.

So, allegedly and for this instant we are back to optimism about a Eurozone bailout.

CNN: Stocks prep for gains after German vote

Germany became the latest of the 17 countries in the eurozone to approve an overhaul of the European Financial Stability Facility, a bailout fund set up in the wake of the 2008 financial crisis.


...the third and final estimate of second-quarter growth...