This is before the hurricane and does not influence what the Fed is going to do, and CPI is more relevant to the markets.

Geopolitical wise, it's just more of the same. People are resigned to the fact that we're going to war. It's just a matter of under what pretext we do it.

The jobs number coming in better certainly was a help.

This weapons thing really turns up the heat.

The decline in oil helped (stocks), as well as the hope that maybe the Fed will be finished raising interest rates.

The market is more focused on the bigger trends we have seen of late, and that is concerns about inflation, which could make the Fed raise interest rates next week, and concerns about earnings growth for the third quarter.

The report is the latest sign that consumer confidence has been trending down. It adds to worries in the stock market about consumer spending and about corporate earnings. The question is whether consumers will slow expenditures and, in turn, hurt corporate profits and the economy.

It all depends on whether we go down the unilateral path or the multilateral one. If the U.S. goes to war alone, they're going to smash this market. If we get a resolution passed we're going to see a nice rally.