It is an oil day. Oil is over $68 now and that, combined with a very hawkish statement from the Fed, is weighing on the market.

239

We might expect some initial weakness, but the markets have gotten used to the idea that terrorism is going to be with us for a certain amount of time, and the war on terrorism is going to take many years to win.

209

The damage from the storm, both in terms of the physical damage and any human impact, was certainly less than expected so that should really bode well for the financial markets.

181

Companies are beginning to tell the markets they are going to take a hit from both Katrina and higher oil prices. Demand for stocks in the short term may slow down.

148

There are some high-profile upgrades this morning, and Exxon Mobil and Intel are certainly helping the market. Adobe earnings, the current account number coming almost in line, and the moderation in oil prices will be a positive on the market.

143

Big positive surprise, especially in the face of the spike in oil prices in August. The guidance to a higher number for the year just shows that the core business is extremely strong and the company is confident that it continues to strengthen for the rest of the year.

96