WAITING FOR EMPLOYMENT

AND THE ECB

Of course crude is up another 2 dollars this morning as we're pushing 146. Why not just take it to 150 and be done with it. An unusually early developement of a tropical depression in the far Eastern Atlantic will probably get some play at some point even though this will never have Gulf of Mexico impact. So we have that, the ECB about to raise rates and the employment numbers or lack there of. This is coming off a fascinating day yesterday where coal got killed and we finally saw the market leaders getting taken out and mutilated. I would expect more selling in these guys today. MLPS actually as a group didn't do too badly yesterday as it was held up by a nearly 2 point gain in Plains All American on the OXY-PETE deal.

1PM close today ahead of the 4th of July holiday. No corporate headlines this morning and no upgrades or downgrades so far.

posts as news items break this morning. Stock futures flat ahead of all of this. Dollar a little higher.