The Market On Thursday

  Good morning. It is 59 degrees and it is sunny here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the 80s this afternoon. It's the first day of Autumn and for many of us it's our favorite time of the year. I think it traces back to the first days of school and all the possibilities of young romance. Remember being in 6th grade and having a terrible crush on that special person. Do that every year during your formative time and it sticks with you for decades and decades. Also it's such a celebratory time, even though I've never been on a hayride in my life, the thought of it is appealing. Plus Fall is about the apples, apple pie, and cider. So far they, the apples, have been pretty good too. As we know, it's going to be a helluva ride this Fall with the election and our fragile political system so maliciously divided and screwed up, replete with absurd ideas, fake information, screwy notions, and brimming with hatred, fear, and contempt. Okay so there are a few things working against this Autumn but take a few moments to appreciate what we do have.

  At 9:00 a.m. ET futures are moderately higher and the price of oil per barrel is up now trading around $46. The market is poised to open moderately higher.

  I'm going with the consensus. Investors liked hearing that there was no base interest rate from the Fed on Wednesday and today their getting their freak on and enjoying it. On the other hand, there's never a guarantee that monetary emotion holds an entire day of trading together.

CNN: Stocks get Fed afterglow; Yahoo in focus; Samsung rallies by Alanna Petroff

Investors are happy that interest rates are staying near their lowest levels ever. The policy is meant to get money coursing through the veins of the economy and support inflation and employment.