MARKETS HIGHER AHEAD OF THE WEEKEND!

Less bad employment numbers leading to a rally this morning. Stock futures are up 80 dow points ahead of the open. Its one of those crawling Fridays ahead of a 3 day weekend so my suspicion is we'll make a big move until about 10:30 am and then they will pretty much tread water the rest of the day. Busy covering Hurricane Earl today which basically will cause about 6 hrs of rain and some wind but nothing extraordinary. Then its a great weekend. Rates are shooting higher this morning so i wonder if that is going to cause money to come out of MLPS which have been much more interest sensative lately. Or least you may start to see mlps underperform a bit as money begins to chase things with greater risk and less yield.

No corporate headlines this morning for mlps and no upgrades or downgrades. The dollar is lower, rates are sharply higher and energy is a little higher.