Stocks were down all day. Looking at the technical condition of the market. Right out of the box, stocks headed down today. Leadership, if you can call it that, came from the social media stocks. Principally Google, Facebook and Twitter.

What we're seeing in the markets right now is a giant Allergic Reaction to Higher Interest Rates.

Few people, outside the portals of Broad and Wall, comprehend just how important interest rates are to Wall Street. It is literally their life blood. And anything that threatens interest rates, or heaven forbid would raise rates causes acute heavy breathing. Just like what we're seeing right now.

The best way to find out where you're going is to simply get out a map. It will tell you where you're headed. There's no emotion in a map, no hidden objectives, no political correctness.

Today OPEC, of all places gave the United States a map. It tells, as objectively as possible exactly where our economy is headed. And to say that the news in bad, is an understatement. Although to the keen observer, it is not unexpected.

If it weren't for the last minute, I wouldn't get anything done...Well that old joke seems to apply to Washington this week. In just 4 days, the Governments Fiscal Year will end. And will need a budget to proceed. And in true form, Nancy Pelosi has informed here side of the aisle to be prepared for three critical votes this week.

I believe that this is the beginning of a major change in Washington's role in the economy. As Washington will go from stimulus, to restraint.

If it weren't for the last minute, I wouldn't get anything done...Well that old joke seems to apply to Washington this week. In just 4 days, the Governments Fiscal Year will end. And will need a budget to proceed. And in true form, Nancy Pelosi has informed here side of the aisle to be prepared for three critical votes this week.

I believe that this is the beginning of a major change in Washington's role in the economy. As Washington will go from stimulus, to restraint.

Stocks were mixed today, with nearly all other asset classes, precious metals, Cryptos and most commodities all down.

Markets right now are mixed right now, with the Dow up but S&P and NASDAQ both down. Principal weakness coming from a most unexpected spot: the 5 big Market leaders. Right now Microsoft, Apple and Amazon all down more than 1%, with Facebook and Google down fractionally.

"If it weren't for the last minute, I wouldn't get anything done..." Well that old joke seems to apply to Washington this week. In just 4 days, the Governments Fiscal Year will end. And will need a budget to proceed. And in true form, Nancy Pelosi has informed here side of the aisle to be prepared for three critical votes this week.

I believe that this is the beginning of a major change in Washington's role in the economy. As Washington will go from stimulus, to restraint.

"If it weren't for the last minute, I wouldn't get anything done..." Well that old joke seems to apply to Washington this week. In just 4 days, the Governments Fiscal Year will end. And will need a budget to proceed. And in true form, Nancy Pelosi has informed here side of the aisle to be prepared for three critical votes this week.

I believe that this is the beginning of a major change in Washington's role in the economy. As Washington will go from stimulus, to restraint.

This week marks the end of the Third Quarter. Friday begins the all important last quarter of the year. The time when most corporations in America will prepare their annual report to shareholders.