S&P 500 1,240.14 -.91%
DJIA 10,942.11 -.66%
NASDAQ 2,110.42 -.92%
Russell 2000 680.76 -1.78%
Wilshire 5000 12,436.92 -1.02%
S&P Barra Growth 575.56 -.89%
S&P Barra Value 662.65 -.93%
Morgan Stanley Consumer 599.78 -.70%
Morgan Stanley Cyclical 792.14 -1.37%
Morgan Stanley Technology 485.33 -.82%
Transports 4,611.33 -.54%
Utilities 404.49 -1.53%
Put/Call 1.06 -15.20%
NYSE Arms 1.44 +15.32%
Volatility(VIX) 17.83 +3.36%
ISE Sentiment 126.00 +63.64%
US Dollar 86.33 +.45%
CRB 333.57 -1.67%
Futures Spot Prices
Crude Oil 69.22 +.35%
Unleaded Gasoline 199.00 -.07%
Natural Gas 6.82 -1.04%
Heating Oil 189.80 +.17%
Gold 569.50 -.51%
Base Metals 201.99 -2.93%
Copper 303.50 -1.73%
10-year US Treasury Yield 5.13% +.20%
Leading Sectors
Airlines +1.03%
HMOs unch.
Software -.24%
Lagging Sectors
Steel -2.74%
Energy -3.43%
Oil Service -3.92%
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
- None of note
Afternoon/Evening Headlines
Bloomberg:
- Fed Governor Donald Kohn was confirmed as the central bank’s vice chairman by the US Senate, and Mark Olson was named to head the Public Company Accounting Oversight Board, opening a second Fed Board vacancy.
Television Week:
- “CBS Evening News” is getting a story ready for tonight to say goodbye to veteran anchor Dan Rather.
Variety:
- Apple Computer(AAPL) is negotiating with major film studios to add movies to its iTunes music store.
New York Magazine:
- NY Senator Hillary Rodham Clinton and her aides took rides on a Lockheed Martin(LMT)-owned private jet at least five times since 2001, according to a Center for Public Integrity report. During the same period, Clinton, a member of the Armed Services Committee, helped Lockheed get defense contracts, including a $1.7 billion deal.
BOTTOM LINE: The Portfolio finished lower today on losses in my Biotech longs, Networking longs and Medical longs. I added to my (EEM) short and added (IWM)/(QQQQ) shorts in the final hour, thus leaving the Portfolio 75% net long. The tone of the market was negative today as the advance/decline line finished substantially lower, almost every sector fell and volume was below average. Measures of investor anxiety were mixed into the close. Overall, today's market performance was mildly bearish. There appeared to be forced selling again today. Significant declines were mainly confined to commodity stocks. I wouldn't be surprised to see some morning weakness tomorrow in the U.S. on emerging market losses. The energy sector saw the greatest amount of net insider selling in the S&P 500 again last week. Insiders sold $276,916,323 worth of stock and bought $53,392,250 worth. Insider selling in this sector has increased meaningfully over the last few months.
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