The Market On Monday

  Good morning. It is 50 degrees and clearing here in Upstate NY. I hope you had a good and restful weekend. Tonight we get debate three, the final debate. I have been contemplating a Romney presidency and I have come to two new conclusions. Conclusion one is that Romney's plan for boosting the economy is another war, this time with Iran. As Romney has not really presented any true way in which to "stimulate" the economy, let's bank on a new war. This is the tried and true right wing solution to the economy and right now the GOTP senators are out there regularly condemning Iran and saying there is no time left for diplomacy. They are attempting to build consensus. Conclusion two is that the repression of dissent will become even more pronounced. Recall how vociferously Obama has been rejected by the right wing, this is beyond rejection of policy, it is an utter contempt of an otherwise moderate conservative corporatist president. When the Iran war commences the calls for the silencing of dissent will be very pronounced. Just look at how the Occupy Movement was silenced.

  At 7:55 a.m. futures are modestly higher, the dollar is mostly down against major world currencies, and the price of oil is up per barrel. The market is poised to open higher.

  Investors will be parsing many third quarter corporate reports this week. Tops on the list is Caterpillar considered a bellwether indicator of all things global. The expectation is that the S&P will grow ever so slightly this quarter. Recall that over the course of the last century the S&P has grown steadily with a superlative rate of return.

CNN: Stocks to open higher

A busy week of corporate earnings kicks off Monday...

Analysts at S&P Capital IQ predict third-quarter earnings for companies in the S&P 500 will grow by just 0.04% overall this quarter, the worst since the third quarter of 2009.