Tuesday, October 07, 2014

The Market On Tuesday

  Good morning. It is 63 degrees and overcast here in the Upper Hudson Valley. Rain is expected. I've already been out there raking leaves and there's a ton more to come. How about that young teen heading over to join ISIS. Seriously, what an idiot, teens do stupid things but this is a topper for sure. I guess if a person has no prospects of a relationship, no real sense of getting a decent job, then the promise of a female sex slave and glory in battle might seems appealing. Want to fix the ISIS problem - figure out a way to decrease the testosterone in these young idiots.

  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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