Stocks Slightly Higher into Final Hour on Global Central Bank Stimulus/Action Hopes, Falling Eurozone Debt Angst, Investor Performance Angst

Broad Market Tone:

• Advance/Decline Line: Slightly Higher
  
• Sector Performance: Most Sectors Rising
  
• Volume: Below Average
  
• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• VIX 14.52 -6.92%
  
• ISE Sentiment Index 186.0 +61.74%
  
• Total Put/Call .74 -12.94%
  
• NYSE Arms .72 +163.45%
  

Credit Investor Angst:

• North American Investment Grade CDS Index 93.46 bps -1.44%
  
• European Financial Sector CDS Index 204.48 bps -5.26%
  
• Western Europe Sovereign Debt CDS Index 188.37 -10.43%
  
• Emerging Market CDS Index 215.92 -3.14%
  
• 2-Year Swap Spread 15.75 -.75 basis point
  
• TED Spread 30.75 +.5 basis point
  
• 3-Month EUR/USD Cross-Currency Basis Swap -26.75 -.25 basis point
  

Economic Gauges:

• 3-Month T-Bill Yield .10% -1 basis point
  
• Yield Curve 141.0 unch.
  
• China Import Iron Ore Spot $89.0/Metric Tonne +2.30%
  
• Citi US Economic Surprise Index 15.0 +9.5 points
  
• 10-Year TIPS Spread 2.36 +4 basis points
  

Overseas Futures:

• Nikkei Futures: Indicating -17 open in Japan
• DAX Futures: Indicating +5 open in Germany
  

Portfolio:

• Higher: On gains in my Retail/Medical/Tech sector longs
  
• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges, emerging markets shorts and some of my (EEM) short
  
• Market Exposure: Moved to 75% Net Long