Stocks Falling Slightly into Final Hour on Rising Global Growth Fears, Eurozone Debt Angst, Fed Commentary, More Trading "Glitches"

Broad Market Tone:

• Advance/Decline Line: Lower
  
• Sector Performance: Mixed
  
• Volume: Around Average
  
• Market Leading Stocks: Underperforming
  

Equity Investor Angst:

• VIX 18.22 -3.75%
  
• ISE Sentiment Index 121.0 -19.87%
  
• Total Put/Call 1.0 +23.46%
  
• NYSE Arms 1.14 +17.92%
  

Credit Investor Angst:

• North American Investment Grade CDS Index 104.86 bps -2.46%
  
• European Financial Sector CDS Index 247.24 bps -4.38%
  
• Western Europe Sovereign Debt CDS Index 257.13 +.58%
  
• Emerging Market CDS Index 247.47 -1.07%
  
• 2-Year Swap Spread 20.0 -.25 basis point
  
• TED Spread 35.0 +1.0 basis point
  
• 3-Month EUR/USD Cross-Currency Basis Swap -43.75 -1.75 basis points
  

Economic Gauges:

• 3-Month T-Bill Yield .09% -1 basis point
  
• Yield Curve 129.0 +3 basis points
  
• China Import Iron Ore Spot $117.40/Metric Tonne +.34%
  
• Citi US Economic Surprise Index -40.60 +1.3 points
  
• 10-Year TIPS Spread 2.13 +2 basis points
  

Overseas Futures:

• Nikkei Futures: Indicating +23 open in Japan
• DAX Futures: Indicating -3 open in Germany
  

Portfolio:

• Slightly Lower: On losses in my Biotech and Retail sector longs
  
• Disclosed Trades: None
  
• Market Exposure: 50% Net Long