When we walked out of the Bear Tooth last night at 8:15pm there was a ring around the sun. According to Meteorologist Jeff Haby
WEATHER FOLKLORE: "A ring around the sun or moon, means rain or snow coming soon"
APPLICABILITY: This lore most commonly works in the cool season and in the mid-latitudes. Mid-latitude storm systems and fronts are more common in the cool season. It is also applicable to tropical storms and hurricanes since there are thin high clouds around the periphery of the storm system.
ANALYSIS AND INTERPRETATION: As an upper level disturbance approaches or warm front approaches the clouds tend to start off as high clouds. Over time the clouds gradually lower and thicken. Near the source of the greatest synoptic lifting is where precipitation and thick clouds are most likely. The sun or moon will no longer be visible once the clouds thicken too much.
The ring around the sun or moon is caused by ice crystals within thin cirrus clouds. The refraction causes light to shine into a ring. Cirrus clouds are generally the first layer of clouds that are seen as a storm system approaches.
PITFALLS: a. Cirrus clouds not associated with a storm system will produce the ring also. In these cases precipitation may not occur.
I'd say he's hedging his bets a bit there, and even though this isn't the cool season or mid-latitude, this morning's sky does look like there might be some rain.