The Market On Thursday

  Good morning. It is 35 degrees and streaky overcast here in the Upper Hudson Valley. It looks like we could be in for a sunny but cool day. I was up relatively early this morning. I walked the dog around the neighborhood and then threw the frisbee for her in the backyard. She caught a few while the frisbee was still in the air and that is always a cause for great encouragement. Dogs are the best.

  At 9:00 a.m. ET futures are flat and the price of oil is lower. The market is poised to open lower.

  Initial weekly jobless claims came in at 297,000 this morning and tomorrow we get the government's number on jobs created in November. The price of oil remains high up on the things to watch list. At the moment the price seems to be coalescing around $65 to $68 per barrel. It will interesting to see if the price continues to drop or slowly rebounds up to $80 per barrel.

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Gas prices for a lucky few have even fallen below $2 a gallon.