The Market On Thursday

  Good morning. It is 57 degrees and cloudy here in Upstate NY. The weather logo shows rain for today and tomorrow but right now it's dry out there. I was watching the voting occur last night in Congress on the new debt deal. What can we say, the can has been kicked down the road a few months.

  At 8:30 a.m. futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.

  Investors are not impressed with the deal this morning. Yesterday we got a rally based on the strong possibility of a deal and now that the deal is done, nada. We can understand this because nothing has changed. The GOTea will continue in its obstruction, its relentless effort to overthrow or defund or do anything to Obamacare because after all it's the worst thing since Armageddon. How pathetic. The other point is that these people in my opinion have committed treason. They've placed their re-election possibility above the welfare of the country. These GOTea people are guilty of sedition, and it's blatant and disgraceful.

CNN: Stocks sag as debt deal relief fades

...$24 billion hit to the economy caused by the events of the past two weeks.