The Market On Tuesday

  Good morning. It is 48 degrees and rainy here in the Upper Hudson Valley. Rain is expected throughout the week and that's a bummer for me because I have to do exterior work on the house. The activity level in the neighborhood is really picking up as people rush to get last minute work done to their houses before the snow flies. We see that Oscar Pistorius got 5 years for murdering his girlfriend. Seems pretty light to me, he can ask for parole in 10 months. That whole case seemed at best terribly sketchy and suspicious.

  At 7:50 am. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  Allegedly some of the recent fear factors that have added to the recent market correction have for the time being slightly subsided. Emotion and especially fear play a large part in market activity. One suspects that the onslaught of third quarter corporate reports will be quite a bit to parse. The latest quarter Chinese GDP is being reported to show slower growth than anytime in the last 5 years, this could be a different mine field all together. The market has a lot to balance but today looks like there might be a stronger opening.

CNN: Stocks: 6 things to know before the open

Concerns about a slowing global economy, deflation in Europe, spreading Ebola and Federal Reserve policy all contributed to concern and erratic trading in the markets over the past few days.