The Market On Wednesday

  Good morning. It is 42 degrees and sunny here in Upstate NY. The forecast logo is showing sunshine through the day and that is great news for people who might be working on renovating their garages. It has occurred to me that one area of human thought that is not useful is in the area of the damning thought. That would be the decision that we all make that either damns a human being to hell as it were or damns ourselves into the ultimate belief that we can't do something be it a challenge or what have you. The damning thought is a dark space that blots out light and lordy lordy knows if there was ever a time for light now is the time. So take a look at those damning thoughts and let them go.

  At 8:30 a.m. ET futures are flat and the price of oil per barrel is slightly higher. The market is poised to open in the flat to ever so slightly higher area.

  We have our conservative Republican brethren to thank for the decline in the market the last few days. Yes the economy is and will continue to take a giant hit as the agreement on the debt ceiling goes nowhere under the tutelage of the Tea Party. So when the government shuts down on October 1st, so will your 401K, your retirement account, your equitities account, and all things with your name and the word account attached.

CNN: Stocks: Weighed down by Washington woes

There are concerns that Congress will be unable to adequately deal with the country's debt ceiling woes, which means the government risks defaulting on its debt next month.