Tuesday Watch

Late-Night Headlines
Bloomberg:
- Wall Street strategists got it right when they predicted two months ago the US housing slump wouldn’t end the stock market’s five-year rally.
- The yen traded near the weakest in seven weeks against the euro as gains in global stocks suggested investors were more confident to borrow in the currency to fund purchases of assets with higher yields.
- Russian President Vladimir Putin unveiled a plan to adhere to the form of a democratic succession while dispensing with the substance.

MarketWatch.com:
- As the year winds down, market size doesn’t appear to be as big of a factor as style when it comes to successful stock investing strategies. Whether they’re small- or large-cap oriented, money managers say mutual funds emphasizing growth stocks is the way to go in coming quarters.

CNNMoney.com:
- Beware Big Oil Stocks. Some analysts say there’s a good reason shares of oil firms haven’t jumped along with crude prices: The price of oil is just too high.
- The 50 Most Powerful Women of 2007.

CNBC.com:
- Toy Retailers Upbeat About Holidays Despite Recalls.

IBD:
- Big Utilities Interested in Big Solar.

Financial Times:
- The Iraqi government reported on Monday that civilian casualties dropped by more than 50% in September, a month in which US casualties also declined to their lowest level in 14 months.
- Companies are selling US high-grade bonds in record amounts, putting the market on track for its first $1,000bn year and suggesting better-rated issuers are finding ways around the credit squeeze.

Reuters:
- Rupert Murdoch’s Fox Business Network says everyone has the right to strike it rich in American and it aims to show even the smallest investor how to do it.

Late Buy/Sell Recommendations
Citigroup:
- Reiterated Buy on (BLC), target $25.

Night Trading
Asian Indices are +1.25% to +2.0% on average.
S&P 500 futures unch.
NASDAQ 100 futures -.09%.

Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Before the Bell CNBC Video(bottom right)
Global Commentary
WSJ Intl Markets Performance
Commodity Movers
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Daily Stock Events
Macro Calls
Upgrades/Downgrades
Rasmussen Business/Economy Polling
CNBC Guest Schedule

Earnings of Note
Company/EPS Estimate
- (PBG)/.90
- (MU)/-.23

Upcoming Splits
- (BCSI) 2-for-1
- (TAP) 2-for-1

Economic Releases
10:00 am EST
- Pending Home Sales for August are estimated to fall 2.1% versus a 12.2% decline in July.

Afternoon:
- Total Vehicle Sales for September are estimated to fall to 15.9M versus 16.3M in August.

Other Potential Market Movers
- The weekly retail sales reports, (IRM) analyst meeting, (FISV) investor meeting, (KSS) investor conference, (OKE) investor conference, (CIEN) analyst day, Jeffries Technology Conference, Citigroup Ethanol Conference and CIBC Industrials Conference could also impact trading today.

BOTTOM LINE: Asian indices are sharply higher, boosted by financial and technology stocks in the region. I expect US equities to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.