The Market On Friday

  Good morning. It is a perfect 65 degrees and magnificently sunny here in the Upper Hudson Valley. This is the cream of the weather as far as this blind traveler is concerned. Why is it that time moves incredibly quickly in the warm months and slowly in the cold ones. Regardless, the weekend is almost here and we can guiltless-ly indulge our wanton laziness.

  At 8:40 a.m. ET futures are lower and the price of oil per barrel is down now trading just above $57 for light crude. The market is poised to open lower.

  Well just plain old dang and crap, the newest revision of the first quarter GDP has it that our substantial US economy shrunk in the first quarter by .7% instead of the original .2% growth number. The economy has dieted and as you know two negative quarters in a row equals a technical recession. Crap, just when you thought things were starting to spark. No doubt this will be downplayed and thrown under the truck of a miserable and brutal winter.

CNN: Stocks: 5 things to know before the open

...renewed nervousness about the fate of Greece setting the tone....it was possible Greece would have to leave the eurozone.