S&P 500 1,233.76 -.08%
DJIA 10,697.17 +.10%
NASDAQ 2,200.95 -.07%
Russell 2000 663.93 -.41%
DJ Wilshire 5000 12,323.20 -.09%
S&P Barra Growth 590.03 -.12%
S&P Barra Value 639.47 -.03%
Morgan Stanley Consumer 591.86 -.50%
Morgan Stanley Cyclical 751.127 +.93%
Morgan Stanley Technology 515.66 unch.
Transports 4,059.21 -.34%
Utilities 386.48 -.40%
Put/Call .91 +35.82%
NYSE Arms .78 +20.54%
Volatility(VIX) 12.18 +4.73%
ISE Sentiment 184.00 +9.52%
US Dollar 92.11 +.14%
CRB 315.08 -.16%
Futures Spot Prices
Crude Oil 57.85 +.28%
Unleaded Gasoline 150.00 +.26%
Natural Gas 11.61 +.07%
Heating Oil 173.25 +.12%
Gold 468.60 -.11%
Base Metals 140.02 +.16%
Copper 191.00 -.18%
10-year US Treasury Yield 4.60% +.91%
Leading Sectors
Papers +6.18%
Oil Service +1.26%
Semis +.56%
Lagging Sectors
Broadcasting -1.70%
Steel -1.83%
Coal -1.86%
Evening Review
Detailed Market Summary
Market Gauges
Daily ETF Performance
Style Performance
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Economic Calendar
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Movers
Real-time/After-hours Stock Quote
In Play
Afternoon Recommendations
Goldman Sachs:
- None of note
Afternoon/Evening Headlines
Bloomberg:
- US airlines must modify fuel tanks on jet aircraft to reduce the risk of explosions like the one that downed TWA Flight 800 in 1996, the FAA said.
- Martha Stewart’s “Apprentice” reality show, in last place in its timeslot, will end after its first season.
- Ben Bernanke’s nomination to succeed Alan Greenspan as Federal Reserve chairman is likely to proceed “quickly” after a confirmation hearing before the Senate Banking Committee tomorrow.
- Berkshire Hathaway doubled its stake in Tyco International and sold shares of Pier 1 imports.
- Target said November comparable store sales may fall below its forecast of 4% to 6%.
BOTTOM LINE: The Portfolio finished higher today on gains in my Internet longs, Medical longs, Semi longs and Medical Information Systems longs. I did not trade in the afternoon, thus leaving the Portfolio 100% net long. The tone of the market was slightly negative today as the advance/decline line finished lower, sector performance was mixed and volume was light. Measures of investor anxiety were mostly higher into the close. Overall, today's market action appeared to be a healthy low volume consolidation of recent gains. The negativity bubble continues to inflate. These graphs of public short sales illustrate how much negativity has permeated the psyche of the general public with respect to U.S. stocks.
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