The Market On Monday

  Good morning. It is 40 degrees and sunny here in the Upper Hudson Valley. Looks like we are in for a very nice cool and sunny Fall day. I hope you had a good relaxing and enjoyable weekend. My weekend was pretty ordinary and I did manage to get outside for some decent walks and outdoor activities. There's been a major earthquake in Afghanistan and that is harsh news. That country is in hard shape, I hope at some point the people of Afghanistan can find a modicum of peace and security.

  At 8:50 a.m. ET futures are slightly flat and the price of oil per barrel is down now trading below $45 a barrel. The market is poised to open lower.

  The German economy has easily weathered the storm of the Volkswagon fuel emissions fiasco. Oil and gas prices are once again sinking and we see there is a report from the IMF that Saudi Arabia will soon run out of cash with oil prices so depressed. Somehow that makes me happy as it is Saudi Arabia that is partly at the center of the world's oil glut. The country deliberately began overproducing in an attempt to secure world market share.

CNN: Stocks: 5 things to know before the open

The Census Bureau will release its September new home sales report at 10 a.m. ET. Sales were up 5.7% in August.