The Market On Wednesday

  Good morning. It is 59 degrees and raining here in the Upper Hudson Valley. We had a ton of rain over night, it's pretty soggy out there. I was watching Maddow last night interview Cecile Richards from Planned Parenthood. Cecile was testifying before a hostile GOP Congressional panel yesterday and I must say I had two take-a-ways. First is that Cecile acquitted herself very well and with conviction. The second take-a-way is that the GOP is one hostile violent bunch. The dirty tricks and the utter lack of actual information is stunning given that these people are alleged leaders. These people are leaders? God help us.

  At 8:50 a.m. ET futures are significantly higher and the price of oil per barrel is down. The market is poised to open higher.

  I can't explain today's early lift and I have my doubts about it staying through the day. The market has been in correction mode and the fundamental problems which made that arise - oil, China, the Fed base interest rate hike fear, are all still there. One good thing - today is the technical end of the third quarter.

CNN: 4 things to know at the open

New data shows the eurozone is experiencing deflation again, with prices dipping by 0.1% in September.

Crude inventories data will be released at 10:30 a.m.