The Market On Tuesday

  Good morning. It is 27 degrees and sunny here in Upstate NY. Yes, that is freezing, it's cold out. It truly is a physical and psychological adjustment when the cold starts to roll in. Think about March when a temperature of 40 degrees will seem like a heat wave and you'll want to go out in a t-shirt because it's so warm.

  At 8:40 a.m. ET futures are flat and the price of oil per barrel is slightly down. The market is poised to open in the flat to lower area.

  The big news for the day is another two day meeting where the Fed will more than likely announce a continuation of quantitative easing. This is because the recovery is limping and it is limping on the liquidity from quantitative easing. Without that, where would we be? I think probably worse off. So in drastic times, there are drastic measures. Otherwise there will be a slew of economic reports today on housing and retail sales along with more third quarter corporate earnings reports. Hard to say, it could get messy, or something compelling could come along.

CNN: Stocks steady ahead of Fed meeting

...the Federal Reserve began its two-day meeting...