The Market On Wednesday

  Good morning. It is 64 degrees and foggy here in Upstate NY. The weather logo is suggesting rain. Like you I've been keeping my eye on the news about Syria. Looks like a new war is brewing with promises of a "quick" involvement and no troops on the ground. America knows how to bomb, that's for damn sure. So bombing it will probably be. Hard to imagine any person going about their daily activity with bombs falling all around, it's got to be an instantaneous heaping of trauma and disorientation. It's just horrible, yet the powers that be seem to demand revenge for this savage gassing, savagery heaped on top of savagery all around with plenty to spare. I wonder why America didn't bomb the Iraqis during the Iran-Iraq war where millions died, many from gassing. I guess we were saving it for later.

  At 8:20 a.m. ET futures are slightly lower and the price of oil per barrel is up. The market is poised to open in the mixed area although the elevated price of oil will push some equities into the black.

  The immediate fear of the Syrian war is subsiding for the moment and the market is more stable this morning. Notice that the price of oil is shooting up to extreme highs. Say hello to even higher gas prices. Also notice that there is a rupture occurring in the economy of India. This is one to keep track of, India being a key BRIC country with it's gigantic population and formerly growing economy. In some respects, India's economic destabilization if it were to come to that would be far more reaching than a war in Syria.

CNN: Stocks steadier after sell-off

The world seems increasingly convinced that the U.S. -- and its allies -- will make a military strike against Syrian government forces in the coming days.

In India, the rupee extended losses to another record low on Wednesday as investors continued to pull money out of the country.