The Market On Thursday

  Good morning. It is 63 degrees and overcast here in the Upper Hudson Valley. It looks like we are in for more rain. This has been the rainiest, thunder storming Summer in my memory. One thing we can definitely say is that the greenery around these parts is very lush, California we are not, not even close. This place has plenty of water for the time being.

  At 8:45 a.m. ET futures are significantly lower and the price of oil per barrel is significantly down. The market is poised to tank at the opening bell.

  Gulp...Hang onto your hats, we are in for a ride at the opening bell. Billions in valuation will be wiped away in an instant. Who can explain it, not me. Corporate second quarter reports are good, the second quarter GDP first estimate came in with 4% growth, unemployment is down, job growth continues, yet we are floundering. I will venture a guess that global events are rocking the market - Argentina is a mess, the M.E is a mess, the Ukraine is a mess, and to top it off - we've got the Ebola Virus spreading. Shit. Lock your doors! Seriously though, the market is a reactive 4 year old, no offense to 4 year old children - but you know what I mean.

CNN: Stocks: 4 things to know before the open

European markets were broadly in the red in early trading. Germany's benchmark Dax index was declining by nearly 1%.

Asian markets ended with mixed results.