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 slightly higher area.
Basically when the US defaults on its debt as a result of not raising the debt limit, the world economy will throw a convulsion. Allow me to translate - a few Tea Party Congress people from heavily gerrymandered red states have their finger on the real nuclear button, and they a utterly and incredulously crazy enough to push it as the remaining GOP people are happy to sit back and watch.
CNN: Stocks: Holding steady after a steep slide
The government's monthly jobs report, originally scheduled to come out Friday morning, will not be released due to the shutdown.
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