The economy is not so bad, notes Mario Gabelli. He discusses market headwinds such as conflicts in the Middle East, the division of the U.S. Government, and an upcoming election. He talks about how we have to care for the lower income individuals to strengthen the economy overall. He then goes over the outlook for stocks into the new year. He also outlines his stock picks which include Atlanta Braves Holdings (BATRA), Genuine Parts (GPC), Textron (TXT), and Crane (CR). Tune in to find out more about the stock market today.