The Market On Thursday

  Good morning. It is 60 degrees and sunny here in the Upper Hudson Valley. We cannot complain the temperatures have been perfect the last few days. Turns out we are going to be hearing quite a bit about ISIS over the next unknown period of time, possibly until they are somewhat decimated and I have full confidence that is what will happen. When we see Rachel Maddow fundamentally showing support for taking action against ISIS and when the liberals are on board, it's a done deal. ISIS strikes me as about as nuts as it gets.

  At 8:15 a.m. ET futures are modestly higher and the price of oil per barrel is lower. The market is poised to open higher.

  A few things are getting investors attention this morning. As you know, the E.U. is experiencing another economic drift possibly into another recession, maybe they already are in recession when one looks at it country by country. So the European Central Bank is considering a quantitative easing of their own to stimulate the economy. That would truly turn investors on. Also keep in mind that tomorrow we get the all important Fed jobs report for the month of August. That is always telling.

CNN: Stocks: 5 things to know before the open

All eyes are on the European Central Bank.