The Market On Friday

  Good morning. It is 62 degrees and sunny here in the Upper Hudson Valley. We are in for another exceptional late Summer day. We really want to get solar panels on the house but there's an obstacle. We have a massive oak tree in front of the house that is interfering with sunlight on the roof. So we are in the process of contemplating what to do. It is a gorgeous tree, I like the tree. On one hand we can look into removing the offending branches, on the other that operation might be harmful to the tree's health and balance. We shall ponder.

  At 8:10 a.m. ET futures are significantly lower and the price of oil per barrel is down, now trading just above $46. The market is poised to tank at the opening bell.

  I did not see this one coming that's for sure but Yellen's announcement to keep the base interest rate the same is being met with fear. Investors are not reacting to the rate remaining the same but to the reasoning for keeping it there. The fear is on the global economy with China leading the pack. Volatility is back and there's no quick fix here.

CNN: 4 Thing to know before the open

"Leaving U.S. interest rates unchanged would normally be enough to see markets cheer at the prospect of cheap money for longer, but heightened concerns about external factors such as China, market volatility and deflation derailing a stateside recovery has resulted in an understandably cautious stance being adopted..."