At 8:50 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Notice that the price of oil is now down below $90 per barrel. This can only mean one thing, that soon it's going to go up. Germany is beginning to show a little wear and tear with it's profoundly strong economy. This reality is affecting this morning's market direction. Like it or not, the market is having a correction of sorts, how long and how deep - that's another story. Still it will be third quarter corporate reports that will add depth to the conversation.
CNN: Stocks: 3 things to know before the open
Investors are feeling disgruntled after new data from Germany -- Europe's largest economy -- showed industrial production took a big hit in August, declining by 4% compared to the previous month.
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