NEW MARKET YEAR

Bring in the new and send out the old as the new trading year begins.

Stock index futures are way up (DJIA +70, SPX +8, NDX +17) on the heels of good overseas markets yesterday and probably no news of terror attacks which seems to send the markets down before holiday weekends (just an observation with no backtesting).

The headlines are oil is trading down 1% while Gold is slightly higher; Bob Nardelli resigns at HD, AAPL upgraded at a few firms as analysts think estimates are too low, GOOG added to select list at Stifel replacing EBAY, WMT trying to tighten the management of its labor force and ADP says employment for December will be down 40k which is bringing the rate on the 10 year Bond down to 4.65% and the Yankees are still trying to dump Randy for Roger.