Oil is trading higher today due to the new hurricane fears. The big story of the week, which will be the market mover, is going to be the Fed.

As a result of that, every now and then the market needs to remind investors that Wall Street is not a one way street, and things don't last forever and things don't go up forever. It is quite obvious that the Nasdaq was due for a correction.

The market opened higher, after some good economic numbers. However, we're seeing a pullback due partly to volume being lighter than usual.

The market is up, and I guess it's just the lack of economic news and anticipation of earnings and economic news due later in the week,

The rebound is due to many of the sectors moving higher and a big portion of this rise is due to Hewlett-Packard (on the Dow). What the market is telling us is, this morning we panicked but this is probably just an isolated situation and a temporary situation for Intel.

The selling in financials is an anticipation of lower earnings due to a slower economy, ... From the point of view of interest rates not going up, it's positive.