The hurricane was much less damaging than was feared and therefore oil is declining. That takes the pressure off the economy, so we're getting a knee-jerk reaction.

The productivity and labor costs reports abated pressures (over) rising interest rates from the Fed, which is giving a kick to the market. Also, the storm in the East wasn't so bad, so oil pressure isn't bad.

What you are getting is a knee-jerk reaction to the drop in oil prices.

If they raise 25 basis points and sound worried about inflation the market may get demoralized.

There's a high degree of confidence the Fed is going to conduct itself in a non-surprising fashion tomorrow. The greater uncertainty with the Fed will occur next year, so I think (investors) are going to take tomorrow in stride unless the Fed surprises us.

Companies are finally putting their money into play and that is a vote of confidence in the strength of the economy and a positive for stocks.

In terms of the Fed, the most favorable move from the market's point of view is if they raise interest rates by 25 basis points and keep the same language. If they raise 25 basis points and sound worried about inflation the market may get demoralized.

The current earnings and the forward-looking guidance, in general, have not met expectations among a lot of companies.